SG Asset Management is to launch a range of Dublin-domiciled long/short equity hedge funds, based on...
SG Asset Management is to launch a range of Dublin-domiciled long/short equity hedge funds, based on its existing range of long-only unit trusts.
The first fund is expected to be launched in March 2002 and will be a UK long/short hedge fund, managed by Peter Seabrook, head of UK equities.
SGAM intends to launch a full stable of the hedge fund products, including US and technology (to be managed by Alan Torry) and European (to be managed by Stuart Gilmartin and Dino Fuschillio). A Japanese fund, to be managed by Jonathan Greig, is also likely.
At this stage, Nicola Horlick, who set up SG Asset Management almost four years ago, is not intending to manage her own hedge fund product.
Seabrook said launching a range of hedge funds had been on the cards for the group since its inception in 1998. However, SGAM decided to concentrate on its institutional and retail unit trust range before expanding into hedge funds.
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