Hedge Funds

Vega adds managing director to U.S. office

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Vega Asset Management will be adding a new hedge fund strategy with the recent hire of Julian Barrowcliffe as managing director. Barrowcliffe will manage a commodities trading fund for the $11 billion macro and fixed income relative value shop. He will be based in New York.

Barrowcliffe's fund, to be called the Anglian Commodites Fund, is expected to start trading within the next few months and will start with a focus on energy, in particular crude oil, which is Barrowcliffe's specialty. The fund may move into other areas as the fund matures.

Anglian will have a relative value focus