MFS's Vertex hedge fund boss resigns

Brian Stacks, manager of US fund giant MFS's recently launched Vertex hedge fund, has resigned, writes Joanne Frearson. The long/short fund, domiciled in the Cayman Islands, was only opened up in June and will now be managed by Mark Regan, who runs the domestic version of the fund, called the Contrarian Vertex long/short hedge fund, which is designed specifically for internal staff of MFS. The fund is presently focused on mid-cap stocks. Regan has increased positions in selected technology stocks and sustained weightings in energy equities. Technology previously had an underweight p...