Long-standing ex-Sofaer European equity duo find natural home with Martin Currie

Tue Feb 22, 2011

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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


 Michael Browne
Steve Frost
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.

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 equities.

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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