Old Mutual Global Equity Market Neutral Fund wins HFR Award

Old Mutual Asset Managers (UK) (‘OMAM’) announces that the Old Mutual Global Equity Market Neutral Fund (USD) was awarded first place in the Best Equity Market Neutral Hedge Fund on a Risk-adjusted Basis category in the 2007 HFR European Performance Awards.

The Old Mutual GEM Plus Fund was also shortlisted in the same category.

The prestigious awards, hosted this year by John Sergeant, the BBC’s chief political correspondent, are now in their sixth year. The awards are hotly contested, with all nominees widely acknowledged as demonstrating excellence in single strategy European-based, hedge fund manager performance.

Eoin Murray, OMAM’s Chief Investment Officer, comments: “We are delighted that to have been awarded first place in the Best Equity Market Neutral Hedge Fund on a Risk-adjusted Basis category in this year’s HFR European Performance Awards. The strong performance of the Old Mutual Global Equity Market Neutral Fund is testament to the quality of OMAM’s Quantitative Strategies team and the robustness of the process and we have every confidence of being able to continue to deliver good returns for our investors going forward.”