Astin Capital Management is planning on launching an open-ended volatility arbitrage fund on 2 December to be called the Astin Vega Fund. The fund aims to return between 1% and 2% per month by exploiting the volatility of Western European stock prices and indices, without taking directional bets on markets.
The Astin team comprises a group of former proprietary traders, Charles Bray, David Ummels and David Beever, drawn from firms including CSFB and Barclays Capital.
Ummels, Astin's chief
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