State-side investors will soon have the chance to invest in a quantitative fund run out of London with some fairly impressive performance numbers. As of October 1, the GEM Plus Fund, managed by Old Mutual Asset Managers, will be open to U.S. investors.
The $472 million fund, a twice-levered version of the firm's Global Equity Market Neutral Fund, uses a multi-factor model to analyze equities in the U.K., U.S., continental Europe and Japan. Since its launch in May 2003, the fund has returned 38.3%. The fund was up 10.81% in 2004 and has gained 15.7% for the year