Washington fund operation profits from being spun out

Managers running hedge funds for larger non-financial parent firms can benefit from having their operation spun out, according to an operating officer in a London group that has done this.

Christopher Boxall, chief operating officer of the Washington Financial Group, which manages the long/ short Washington US Fund, told Hedge Funds Review the challenges posed by its French industrial conglomerate parent spinning off internal hedge fund operations in 1994 were sizeable at first. But he said the