Omam markets neutral hedge fund to advisers

Old Mutual Asset Managers (Omam) has begun marketing its market neutral statistical arbitrage hedge ...

Old Mutual Asset Managers (Omam) has begun marketing its market neutral statistical arbitrage hedge fund to international advisers and has rebranded its multi-strategy fund. The European Statistical Arbitrage fund trades in liquid stocks in the UK and developed European markets. Paul Simpson and John Dow, who both joined Omam in January 2006 from Millennium Capital Management, co-manage the product. Their investment strategy for the arbitrage fund exploits short-term price anomalies and is market neutral. The portfolio contains between 200 and 250 stocks and has a daily portfolio tur...