SEI has handed a £166m UK equity mandate to Four Capital Partners followings its appointment of Philip Hardy.
Four Capital Partners' Mike Pinggera has removed positions in emerging markets, BRICs and Asia ex. Japan from his Multi-Strategy fund after recent losses.
FOUR Capital Partners has soft-launched a European equity long/short fund after Sanlam provided seed capital for the portfolio.
Multi-asset manager Mike Pinggera has moved to reinvest half of the 65% cash pile in his new fund, after fears over a pull-back in equities saw him switch in to the "cheapest and most effective hedge" in July.