Fund launches & closures

Gartmore makes a foray into Asian equity long/short space

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In what would be its first move outside of Japan in the Asian equity hedge fund market, UK-based Gartmore Investment Management has set up an office in Singapore and rolled out its first dedicated Asia long/short strategy. Dave Thompson, a key player in the firm's European team, has relocated to Singapore from London to manage it. He worked for seven years with Roger Guy and Guillaume Rambourg to run the firm's highly-successful AlphaGen Capella, Tucana and Velas funds.

The new fund has been created by changing the investment mandate of the Velas fund from Europe to Asia equity