EUROPE - Ajay Gambhir is set to leave JPMorgan to launch a new European hedge fund aimed at institutional investors at MPC Investors .
Gambhir was managing director and head of the European high alpha team within the European equity group at JPMorgan, running $8bn of assets.
Gambhir, who was the sole portfolio manager for the JPMorgan Europe dynamic long short hedge fund, said he would be launching a similar fund at MPC.
Commenting on the appointment, Peter Harrison, chief executive at MPC Investors, said: “Ajay brings with him a rigorous approach to fundamental analysis and stock-picking ,with a distinct focus on contrarian value and under-recognised growth opportunities. The skills he has used to make him a Citywire AAA rated manager are welcomed at MPC and we look forward to developing funds with him.”
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