Former Tiger international equity manager James Lyle and
ex-Salomon man Martin Woodcock are expanding their US and
UK-based firm after 12 years in the business
There are not many long/short equity funds that have been
going for over a decade, run over $1 billion in assets and are
still barely known in their home country. But Millgate Capital
Inc, the global non-US value-based fund founded in December
1997 by British duo James Lyle and Martin Woodcock, is one.
Nor are there many hedge fund firms that are in expansion mode
after the meltdown of 2008, when collapsing financial markets
and heavy investor withdrawals triggered such turmoil
throughout the industry. But Millgate, again, is one.
But, then again, there are not many long/short equity funds
that coped quite as well as Millgate with the extreme
conditions of last year - returning more than 18% against
losses of 40-50%...