Soc Gen to launch onshore version of US fund

The new onshore fund is intended to appeal to UK investors, after the US offshore fund failed to gain a foothold in the UK market. It will be managed by Diane Jaffe from the SGAM owned New York subsidiary, TCW. Jaffe will seek undervalued large cap stocks where the company has a fundamental catalyst or competitive advantage which will ultimately be recognised by the market place and appreciate in value. Head of UK marketing, Mikkal Bates, explained that being one of the first French asset managers to secure distributor status in the UK to promote its offshore funds had not been as benef...