Omam to launch Global Statistical Arbitrage fund

Old Mutual Asset Managers will launch its Global Statistical Arbitrage fund on June 1, with further ...

Old Mutual Asset Managers will launch its Global Statistical Arbitrage fund on June 1, with further hedge funds to follow in 2007. The offering follows the launch of the Old Mutual Al Saqr fund in March. The fund will be managed by the group’s current European Statistical Arbitrage managers Paul Simpson and John Dow. Simpson and Dow will use systematic techniques that exploit short term pricing anomalies, with the portfolio typically containing approximately 850 stocks selected from the S&P Global 1200 Index of developed global markets. The product has UK distributor status, and wil...