Old Mutual Asset Managers UK (OMAM) is to launch a new global equity long/short hedge fund in May. ...
Old Mutual Asset Managers UK (OMAM) is to launch a new global equity long/short hedge fund in May. The Global Sector Opportunities fund will be managed by OMAM's quantitative strategies team. This team currently manages OMAM's global equity market neutral strategy, which has now closed with assets of around US$1.7bn (£1bn). The Old Mutual Global Sector Opportunities Fund will trade globally in liquid stocks in developed markets, using a proprietary quantitative model to compare stocks within the same sector across regions in order to exploit pricing inefficiencies. Unlike the existing...
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