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Gartmore adds volantis to AlphaGen range

Gartmore has added a seventh hedge fund to its AlphaGen range.

The AlphaGen volantis fund uses a long and short equity approach to UK smaller companies. It is managed jointly by Rob Giles and Gervais Williams. Giles has 15 years investment management experience, including seven years at Singer & Friedlander. He joined Gartmore in April this year as senior UK smaller companies investment manager. Williams, who heads up Gartmore’s UK smaller companies team, joined the company in 1993.

A team of four UK small caps specialists will research companies that have a market capitalisation of less than £1bn. They will attend around 1,000 meetings with smaller companies each year and will keep up to date with the news flow emerging from those companies.

Long and short equity is the most popular strategy for hedge funds and according to the CSFB Tremont hedge fund index, it is currently producing higher returns than some strategies.

During August 2002, long and short equity strategies delivered a return of 1.01 per cent according to the CSFB Tremont index, while convertible arbitrage, market neutral and event-driven strategies delivered between 0.27 and 0.6 per cent. However, other strategies such as fixed income arbitrage, emerging markets and managed futures delivered superior returns compared with long and short equity during the same period.

This product is aimed at traditional hedge fund investors and is riskier than funds of hedge funds which diversify across a portfolio of hedge funds. This risk is compounded by the fund’s narrow focus on UK smaller companies, which are regarded as higher-risk investments compared with larger companies. The fund also relies on a single strategy, which may not perform well in all market conditions.


A thrilling deal for film backers

Film partnerships company Movision Management is seeking high-net-worth individuals to invest in several projects, including A Different Loyalty, a thriller starring Sharon Stone and Rupert Everett.Movision, which is co-producing the film in a tripartite agreement with Spice Factory and Montreal-based Transfilm, is looking to attract financing from people earning at least £250,000 a year to […]

Pink offers self-build loan

Pink Home Loans is joining forces with specialist mortgage provider BuildStore to offer a self-build loan.The move means BuildStore&#39s BuildLoan range of self-build and renovation loans are available to intermediaries through PHL.The BuildLoan product is designed to release money to the borrower at the start of each stage of a selfbuild project. It allows them […]

Mayfair Capital – MC Property Growth Fund

Tuesday, 15 October 2002 Type: Unit trust Aim: Growth by investing in UK commercial property Minimum investment: Lump sum £100,000 Investment split: 100% in UK commercial property Isa link: No Pep transfers: No Charges: Annual 1.25% Commission: Initial up to 2% Tel: 020 7495 1929

National Savings targets IFAs&#39 risk-averse clients

National Savings & Investments is revamping its intermediary service in a bid to secure a significant slice of the IFA market within the next five years.After several years of relative obscurity in the intermediary sector, NS&I, the UK&#39s biggest savings institution, is aiming to take advantage of its Treasury-backed status to tempt IFAs with risk-averse […]


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