Hedge Funds

Old Mutual stat arb team revels in market volatility


Simpson and Dow have been managing stat arb strategies together for the past 10 years

Twenty-five years ago Yorkshire-born Paul Simpson, the co-manager of the Old Mutual Global Statistical Arbitrage Fund, was working as a police officer during the UK's bitter and violent miners' strike. So he knows all about pressure.

"This is far less stressful," he says with a smile. "However bad it all gets, at least you won't have people trying to injure you."

Paul Simpson

If the fund's decent performance continues, investors are unlikely to be firing anything more offensive than a note of congratulation