Hume To Launch Delayed Fund This Month

Mar 15 2011 | 2:48am ET

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.


In Depth

Q&A: Decathlon Capital On Revenue-Based Alternative Lending

Oct 30 2017 | 3:49pm ET

The explosion in private credit activity since the end of the financial crisis is...

Lifestyle

CFA Institute To Add Computer Science To Exam Curriculum

May 24 2017 | 9:25pm ET

Starting in 2019, financial industry executives sitting for the coveted Chartered...

Guest Contributor

Saxby: Not All EBITDA Is Created Equal

Nov 30 2017 | 8:02pm ET

Record levels of dry powder are driving competition among private equity firms to...