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BGI European Equity Market Neutral Fund Proves Pop

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LONDON (–Barclay’s Global Investors closed its recently launched BGI European Equity Market Neutral Fund with about 500 million euro (US$498 million) in assets.

The fund was met with strong demand from both new and existing BGI investors, and could have been much larger, said Mark Fitzgerald, director of hedge fund products at BGI, in a statement. BGI has put together a waiting list of investors as interested parties for BGI’s offerings, according to the statement. Mr. Fitzgerald couldn’t be reached for comment on what Barclays will be offering next.

The European market neutral fund was launched Nov. 1 with the same investment strategy used in the also-closed US$750 million BGI UK Equity Market Neutral Fund. Previous HedgeWorld Story

BGI manages US$2 billion in hedge funds and US$500 billion overall.

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