Gartmore team to run AlphaGen Pictor vehicle

Gartmore is set to launch AlphaGen Pictor, a long/short Asia and emerging markets fund to be run by Chris Palmer and Seok Teoh. It will follow the model used for the $40m Key Emerging portfolio. This is a mandate the pair have managed for Key Asset Management since last May with some success, the fund having returned around 8.5% on a gross basis at a time when the S&P IFCI index was down by over 25%.

The fund will be non-directional in nature, with a maximum gross position of no more than 200% of