Hedge Funds

EUROPE/US - Saguenay Capital and Strathmore Capital have merged to create Saguenay Strathmore Capital.

EUROPE - M&G has launched a UCITS III version of a global macro investment strategy in a bid to target institutional investors.

The number of schemes awarding managers bond mandates increased by more than 50% in 2009, Towers Watson says.

GLOBAL - The number of schemes awarding managers bond mandates increased by over 50% in 2009, Towers Watson said.

Hewitt Associates has reported a doubling in the number of hedge fund manager searches during 2009 in comparison with the previous year.

Flintshire County Council has appointed State Street Global Advisors to run a £20m absolute return hedge fund of funds mandate on behalf of the Clwyd Pension Fund.