product launch
Global Asset Management (GAM) has launched a specialist European hedge fund which aims to achieve capital appreciation through investing long and short in small- and mid-cap European equities. The GAM EuroSelect Hedge Fund is managed by John Bennett, head of GAM's European team, who will seek out investment opportunities among companies with a market capitalisation of up to E3bn. The fund will have a concentrated portfolio with no more than 50 long and 50 short positions. 'In European markets as a whole, expectations for earnings remain too high,' said Bennett. 'I believe this yea...
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