Launches & Closures

GO restarts on new terms and mandate

by

Amsterdam-based GO Capital Asset Management, which began liquidating its flagship strategy last year after the long/short equity portfolio suffered big losses, is starting again with a new fund that will offer different terms from its predecessor and pursue a broader investment mandate.

The launch of the European Opportunities Fund follows the firm's announcement in November that it would liquidate its once high-flying Global Opportunities Fund, a concentrated long/short Dutch mid-cap equity strategy that was hammered by the collapse in equity markets last year and evaporation of liquidity in smaller-company stocks.

GO's Global Opportunities vehicle fell 58% in 2008, leading