WestAM enters hedge fund market

WestAM, the €38 billion asset management arm of German bank West LB, has launched its first hedge fund, WestAM Navigator Global Fixed Absolute Return Fund.

The Cayman-domiciled fund will be run by Nigel Jenkins and Moe Daniel, and is aimed largely at the fund-of-funds market.

The Navigator Global Fixed Absolute Return Fund invests in directional and non-directional positions in developed fixed-income and currency markets. The fund aims to deliver returns uncorrelated with traditional asset classes. WestAM said that the risk management of the fund is an integrated component of the investment process and is structured to keep annualised volatility at lower levels than in major equity markets.

WestAM is already planning to launch a second hedge fund managed by Frank Naylor and Thomas Tilse of the firm's global balanced and asset allocation team. The fund will be called the WestAM Navigator Multi-Strategy Fund.

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact info@risk.net or view our subscription options here: http://subscriptions.risk.net/subscribe

You are currently unable to copy this content. Please contact info@risk.net to find out more.

You need to sign in to use this feature. If you don’t have a Risk.net account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here