LONDON (HedgeWorld.com)- Gartmore Investment Ltd. plans to open a small capitalization U.K. equity hedge fund to new investors on Nov. 1.
Called the AlphaGen Volantis fund, the fund began trading May 1, and currently has US$43 million. Gartmore will accept up to US$50 million in new capital for the fund, according to a Gartmore statement.
Volantis is the seventh fund in the AlphaGen series, and fund managers will try to keep its portfolio non-directional. Rob Giles is lead manager for the fund and senior investment manager on Gartmore’s six-person U.K. small-cap management team. Gervais William has led the small-cap team, which manages US$1 billion, since 1993. Gartmore’s hedge funds have US$2.6 billion in assets.