BGI builds on its currency fund with small-cap long/short fund

Barclays Global Investors is to follow its currency fund launched on 6 August with plans to launch a UK small-cap long/short hedge fund. The long/short fund is still in the early stages of development, but could be available to investors in the fourth quarter. Barclays Global Investors has set capacity at $1bn in assets under management for the Dublin-based BGI Currency Fund, which invests in 11 currencies including the dollar, euro, pound and yen, with the euro being the favoured currency, according to Mark Fitzgerald, director of the alternative investment group at Barclays Global In...