DCM now offers services and funds to Europe

New York's Discovery Capital Management is offering funds of funds, private label funds and a segregated asset management service to European investors.

The firm, founded in 1997 by former head of due diligence at Olymipa Capital, Thomas Zucosky, was approached by a wealthy US family last year to manage money in a fund of hedge funds for them, and is branching its products into Europe and the UK. The family will provide seed capital for the funds of hedge funds Discovery Capital Management (DCM)