Summit Group debuts interest in hedge funds

The Summit Group, a London-based venture capital firm, is considering backing more hedge funds following its first investment in the asset class earlier this year.

Summit, which has around $31m in investments, completed backing Oxford & Cambridge Investment Management, a hedge fund company set up by former Barclays Global Investors researcher Ed Boscott, with £0.5m in seed capital in April this year.

Summit's managing director, Kit Hunter Gordon, said the company has since been approached by othe