New Horizon fund for London's Beach CM

London-based Beach Horizon LLP, which recently gained FSA authorisation, has launched its first fund with an initial size of $13m. The Beach Horizon Fund is based on Beach Horizon's diversified, systematic, medium-term trading program, and was developed by Paul Netherwood, Alan Goulding and Sanjeev Lakhanpal under David Beach, founder and CEO of Beach Capital Management (BCM). BCM is the majority shareholder in Beach Horizon but each of the three program developers has an equity stake in Beach Horizon. While paper trading in-house for the last two years and having been back-tested to 19...