Ark long/short equity

Newly-founded Ark Asset Management, run by ex-Flemings fund managers Lesley Sherratt and Jeremy Harrison, has launched a long/short equity fund focusing on the global financials sector. Sherratt, who spent 10 years at Flemings running financials portfolios and was also investment director for the UK and Europe, believes the sector offers natural opportunities for stockpickers. While the fund does not aim to be fully market neutral it operates a non-directional 'pairs' strategy, aiming to match long and short positions so that returns are derived largely from stockpicking rather than from m...