Martin Currie Investment Management has launched a new managed account product for its new long/short equity team. The Scottish firm announced that Michael Browne and Steven Frost, who joined the firm when it acquired Sofaer Capital's European long/short business, will manage the Lyxor/Martin Currie Europe Fund.
The new vehicle is the fourth Martin Currie has launched on the Lyxor Asset Management managed account platform.
"We have a long and successful relationship of working with Lyxor and currently manage Japan, China multi-cap and global resources managed accounts for them," Alastair Barrie, global head of hedge fund sales at the Scottish firm, said. "We are pleased that the European Hedge Fund is joining them.
Martin Currie acquired the Sofaer business, and Browne and Frost with it, in July. The two men have managed the European fund since the beginning of 2001.