Launches & Closures

Fortrinn takes on MKM volatility trading funds

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A new start for an established operation is the message behind the formal launch in March of Fortrinn Partners, the London-based investment manager created at the end of last year that has taken over the running of two volatility trading funds previously managed by MKM Longboat.

MKM Longboat's main multi-strategy flagship fund shut down last year and the firm has now closed down too, following the departure of former founders Mike Humphries and Martin Tonnby.

But a significant part of the firm's investment and operational infrastructure has been acquired by Fortrinn, which is led by Jorge Villon - an experienced