Long-standing ex-Sofaer European equity duo find natural home with Martin Currie
Tue Feb 22, 2011
Michael Browne and Steve Frost have been running long/short equity money together since 1989 – at BZW, Chase, Sofaer Capital and, since the middle of last year, at their new home at Martin Currie – making them one of the longest-standing equity fund management partnerships in London
At a time of increased concern in the hedge fund industry about
key-man risk, the volatility of returns and the challenge faced
by stock-pickers trying to remain uncorrelated to the
underlying markets, Martin Currie has acquired a long/short
European equity fund with a stable and longstanding investment
team, a consistent track record and a reputation for avoiding
the markets' more extreme fluctuations.
| Michael Browne
The fund is - or rather, was - the Sofaer Capital European
fund, and the portfolio managers are Michael Browne and Steve
Frost. The duo joined self-styled 'big boutique' Martin Currie
from Sofaer Capital at the start of July last year as part of
an acquisition that saw Michael Sofaer's long-running hedge
fund firm refocusing on its primary area of interest, Asian
Following the acquisition, the European long/short equity
strategy has been renamed the Martin Currie European Hedge Fund
and has continued to...
ISSN: 2151-1845 / CDC10004H
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