British asset manager Hume Capital's Global Opportunities hedge fund is set to launch at the end of the month after getting mired in red tape.
The firm had planned to launch the fund in December. But those plans were thwarted when the fund's registration with the U.K. Financial Services Authority took longer than Hume had anticipated.
The new fund, managed by former Northern Trust fund managers Stephen Dowds and Stephen Watson, will invest in between 40 to 60 primarily mid- and large-cap names. It has no geographic or sector weightings, and targets lower volatility with risk management standards designed to limit downside risk, the Financial Times reports.
The Global fund's debut follows the recent launch of Hume's Asian Equity Hedge Fund.