Exane fund manager hands over responsibility its oldest hedge fund

Tue Oct 19, 2010

Exane Asset Management fund manager, Hervé Ragagnon, is handing over full responsibility for the long term strategy of its largest and oldest hedge fund.

Ragagnon has managed the Gulliver fund, which had assets under management of $1.9 billion in June, for 10 years.

The decision was a "joint" one according to a letter written to investors yesterday (18 October 2010).

Philippe Sanlaville, chief executive of Paris-based Exane,...

ISSN: 2151-1845 / CDC10004H

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