Hedge Funds

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

UK - A family-owned hedge fund will offer investors the chance to use Twitter posts to gauge the mood of the stockmarket.

An hedge fund will offer investors the chance to use Twitter posts to gauge the mood of the stockmarket.

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

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

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

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.