International investment house Gartmore has launched a fourth equity hedge fund for institutional investors as part of its AlphaGen range.
AlphaGen Pictor is a non-directional long/short Pacific and global emerging markets equity hedge fund (ex. Japan).
The fund will be jointly managed by Chris Palmer - senior investment manager responsible for the firm’s key global emerging markets fund - and Seok Teoh - Gartmore investment manager covering Singapore, Thailand and the Philippines.
The new fund will be managed using the same approach as the key global emerging markets fund and within the same framework as the other equity funds in the range.
AlphaGen Pictor is denominated in US$, with a minimum investment of US$1m. The management is 2%, with a 20% incentive fee.
The annual target return is 15-20%.
By Madhu Kalia
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