Flynn goes it alone to set up European tech hedge fund

A Deutsche fund manager has joined forces with a Fidelity analyst and a Goldman trader to start her own European technology hedge fund.

Clare Flynn has recruited Fidelity's Edgar Allen to help her run the long portfolio while Goldman Sachs trader Gareth Hodgson will run the short book for the fund, which is to be called the Avocet European Technology fund.

Flynn has already raised $70m, primarily from private sources. The fund was originally backed by Mike Lynch, chief executive of software c