CityWire – Premier Asset Management has hired former Thames River hedge fund specialist Chris Wright to take control of the Premier Dividend Fund from Paul Branigan. 

Branigan, who also manages an absolute return growth mandate and is chief investment officer of Premier, is handing over to Wright as he wishes to concentrate on his other duties at the group.

Wright, who managed a number of hedge funds for Thames River, joins Premier on 1 September.

Wright is expected to restructure the Dividend Fund when he arrives, which could see it employ a similar strategy to the one used by the Schroder Income Maximiser Acc fund.

Managing director of sales and marketing, Simon Weldon, said: ‘Chris brings a lot of pan European equity experience with him and has been on both sides of the buy-sell fence so we are confident he will make an excellent addition to the team.

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West Palm Beach (HedgeCo.net)- Dynamic Funds ("Dynamic") has announced the launch of two global growth funds, the Dynamic Power Global Navigator Class and Dynamic Power Global Balanced Class.

The fund manager also launched a hedge fund of funds, the Dynamic Alternative Opportunities Fund, giving retail investors access to a basket of the Company’s hedge fund products. Dynamic Alternative Opportunities Fund has the ability to invest in Dynamic hedge funds and closed-end funds, as well as externally managed hedge funds, private funds and other investment vehicles not generally available to the investing public.

"Dynamic Power Global Navigator Class is a go anywhere, do anything global growth fund," says Alexander Lane, VP and Portfolio Manager, "It offers investors exposure to global stocks with the safety profile of larger companies and the higher return profile of smaller companies."

The initial portfolio of the Dynamic Alternative Opportunities Fund will be composed of an approximately equal allocation of seven Dynamic hedge funds; the Power Hedge Fund, Alpha Performance Fund, Contrarian Fund, Power Emerging Markets Fund, Income Opportunities Fund, Strategic Value Fund, and Focus+ Alternative Fund.

The Dynamic Funds are managed by Goodman & Company, Investment Counsel Ltd., a subsidiary of DundeeWealth Inc. DundeeWealth is listed on the Toronto Stock Exchange.

Alex Akesson

alex@hedgeco.net

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