Patel fills portfolio manager role for WMG Global Macro hedge fund

WMG, the financial services group founded in autumn 2004, has assembled a team to manage its Global Macro hedge fund, due for launch on 1 December. The macro product will be the second hedge fund to be launched by the group since its inception. The first was called the Blixen fund, a global equity relative value portfolio brought over from Commerzbank by the group's founders. Two more funds - an Asian equity and a European quantitative product -are in the pipeline and are expected to be launched early next year. Paresh Patel will be the macro fund's portfolio manager, having managed a ...