Scottish money manager Martin Currie Investment Management is set to unveil its first fund of hedge funds next month, according to Citywire.
The Edinburgh-based firm said its Omnium Fund will have access to its entire hedge fund range, Citywire reports. Allocations to individual funds will be determined by their risk-banding. A model portfolio for Omnium has returned 48.9% over the past three years.
David Sheasby, who joined Martin Currie from Aegon Asset Management four years ago, will manage the new fund of funds.
Gabriel KurlandBy Gabriel Kurland: On November 12, 2009, the U.K.’s Serious Fraud Office (“SFO”), an independent government department that investigates and prosecutes fraud and corruption cases, announced that it is probing the London-based, Dynamic Decisions Capital Management Ltd., after the matter was referred to it by the Financial Services Authority. More...
Ireland has launched the EUR 26 million ($40 million) Bank of Ireland Seed and Early Stage Equity Fund to invest in startup and early stage companies. More...