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Portfolio > Economy & Markets > Fixed Income

New WestAM Fund: Fixed Income and Currency Markets

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LONDON, U.K. (HedgeWorld.com)–WestLB Asset Management, Ltd. announced the launch of its first hedge fund, WestAM Navigator Global Fixed Absolute Return Fund, which will be Cayman domiciled and listed on the Irish Stock Exchange, Dublin, Ireland.

Nigel Jenkins and Moe Daniel will run the fund with the support of WestAM’s global fixed-income and currency team, according to the Nov. 18 announcement. Mr. Jenkins is the chief investment officer of that team, and Mr. Daniels is one of its analysts.

WestAM manages approximately 38 billion euro (US$38.46 billion) for more than 500 clients worldwide. The firm also is planning a second hedge fund, to be launched by years’ end, which will be multi-strategy and headed by Frank Naylor and Thomas Tilse.

Messrs. Jenkins and Daniel began their working relationship in their prior roles with Rothschild Asset Management Ltd., London, and Arbor Research and Trading Inc., Chicago, respectively. Their new fund will aim to generate significant returns in excess of cash (10% above the London Interbank Bid rate) through both directional and non-directional positions in developed fixed-income and currency markets, with annualized volatility at lower levels than the major equity markets.


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