Industry News

Check out the latest news and insight from the ever-evolving world of institutional investing and hedge funds from around the globe.

Jing Chen has been eVestment’s hedge fund industry news reporter since 2011. To submit industry-related press releases or request feature ideas please contact her at editor@evestment.com

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Old Mutual Launches Cayman Hedge Fund

Jul 10, 2013
Jing Chen

Old Mutual Global Investors has launched its first Cayman Islands-based hedge fund.

Wealth Manager reported that Old Mutual seeded $50 million to the new fund to broaden its appeal to investors. The new fund will be run by Ian Heslop, the current head of quantitative strategies at Old Mutual Asset Management.

Donald Pepper, the group’s managing director of alternatives, said OMGI is looking to expand its hedge fund business.

OMGI was formed in 2012, combining Skandia Investment Group’s multi manager expertise with Old Mutual Asset Managers’ direct investment background.

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