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Old Mutual to launch European equity long/short hedge fund

Old Mutual Asset Managers UK (OMAM) has appointed a European investment team which will launch a European equity long/short fund as its first product.

Graeme Gilchrist, Graham Forster and Dorothee Deck all joined OMAM on November 13 to form the new team which will be headed up by Gilchrist, a founding partner and former portfolio manager at Cambrian Capital Management.

Forster was previously a fund manager at Deutsche Asset Management where he was a founder member of the Absolute Returns Strategies group while Deck was a former European equity analyst at US multi-strategy hedge fund Carlson Capital.

OMAM chief investment officer Eoin Murray says: “The recruitment of a European equity team has been a key element of our growth plan.”

“It is our intention to continue to expand our alternative product offering and the team will focus on developing a European long/short equity strategy, which will add a further layer of diversification to our investment range.”

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