Merchant Capital, the asset management firm set up late last
year by ex-PCE Investors duo Chris Day and George Cadbury, is
in talks with large hedge fund groups that want to set up their
own umbrella structures through which to roll out multiple
Merchant, which offers its own umbrella and has begun with
the launch of a UCITS fund for Spanish distributor Tressis,
would act as the underlying investment manager for each
umbrella set up by a third-party firm.