Europe's top groups busy with summer launches

Europe's large hedge fund groups have launched a raft of hedge funds before the summer lull, and are lining more up for autumn releases.

In September, hedge fund managers Devonshire Warwick Partners (DWP) will launch a volatility arbitrage fund with an expected $100m, and join the emerging manager program of London's Fortune Asset Management. Devonshire will seek out mispricings in markets for index and individual stock options.

Tony Glickman, the lead architect of the portfolio's strategy, and