WEST PALM BEACH, FL (HEDGECO.NET) – Barclays Global Investors, [BGI] a major international asset manager, has launched a new hedge fund. The new hedge fund will be dedicated to small caps, accordingto the released statement. The new small cap fund was launched and closed the same day, according to published reports, and generated a total investment seed capital of US $90 million. The fund isthe latest hedge fund launched by BGI.
The director of the alternative investment group at Barclays Global Investors, Mark Fitzgerald said, �We believe that small cap stocks offer the potential for enhanced returns over large caps, due to the greater inefficiencies in the smaller end of the market and it is these inefficiencies that we will be looking to consistently exploit�.
The same managers overseeing Barclay�s successful UK and European Equity Market Neutral portfolios will manage the new fund from the company�s London office. No details about the fee structure and the minimum investments were provided.
Barclays Global Investors is one of the world’s largest investment managers and providers of risk-controlled active strategies. This includes total return, stock selection, tactical asset allocation fixed income, currency and diversified funds, as well as index strategies across developed and emerging markets.
With over $1.5 trillion under management (as of March 31, 2004) and 2,500 clients in 45 countries, Barclays Global Investors is one of the world�s largest institutional investment managers. The firm employs over 1,900 people globally, including over 100 people in its Sydney office, which provides the full range of investment management and client services. Assets managed for Australian clients have grown to almost $30 billion as of March 31, 2004 according to company data.
Paul Oranika
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HedgeCo.Net
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