Gartmore adds small-cap fund

Gartmore is to launch a pan-European smaller companies hedge fund called Alphagen Cepheus on 1 March 2001, writes Fiona Henderson.

The fund is part of the Alphagen range, which includes the Alphagen Capella Euro fund and the Alphagen Hokuto Japanese hedge fund.

The lead fund manager, Jonathan Sharpe, has been running a model portfolio on a similar basis to Cepheus for a private client, which has led to investor interest in a hedge fund. Tamsin Quayle will also act as a fund manager.

Cepheus is