Abbey duo to set up hedge funds

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A new hedge fund operation called Wessex Asset Management is to be set up by Peter Chesterfield and T...

A new hedge fund operation called Wessex Asset Management is to be set up by Peter Chesterfield and Tim Weir of Abbey Life. Peter Chesterfield, 45, has been with Abbey Life for 15 years where he specialised in running Asian equities. He was the manager for Abbey Asian Pacific Trust, Abbey's Asian ex Japan pension funds, life funds and pooled pension funds. Tim Weir, 40, also worked on Abbey's Asian desk. Both are in the process of leaving Abbey Life. The plan is that in the New Year, Wessex Asset Management will launch an Asian ex Japan hedge fund which, in Chesterfield's words, "will be ...

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