Sagitta hedge fund to use a technical analysis approach

Sagitta Asset Management has launched a long/short US hedge fund, the Mariner fund, run by former Jupiter fund manager Eduardo Tomacelli. The manager's approach is based heavily on technical analysis. Tomacelli said: "On the long side I trade the strongest shares in the strongest sectors. If there is a definite direction in markets, as there was last year, I will hold positions for extended periods of time. "Clearly this year has been different. As soon as there is any inflection point in the market I generally go completely to cash, or trade short-term movements." The fund was set up...