GLOBAL - WestAM has entered the institutional hedge fund market.
The new fund of funds is the Cayman-domiciled, Dublin-listed WestAM Navigator Global Fixed Absolute Return Fund. It seeks to generate returns in excess of cash (LIBID +10%) through directional and non-directional positions in developed fixed income and currency markets.
The fund is run by Nigel Jenkins and Moe Daniel, with the support of WestAM's London-based global fixed income and currency team, of which Jenkins is chief investment officer.
Previously , Jenkins and Daniel both worked at Rothschild Asset Management and Chicago-based Arbor Research and Trading, respectively.
WestAM is already planning to launch a second hedge fund - the WestAM Navigator Multi-Strategy Fund - managed by the global balanced and asset allocation team, led by Frank Naylor and Thomas Tilse.
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