First long-only Beaumont fund

London-based hedge fund manager Beaumont Capital is to launch its first long-only product by the end of the year. It will be a European equity fund managed by Raphael Kanza. This will be the London-based firm's third fund since its inception on 2 July. Kanza's team already runs a $4.8m global long/short fund, which has not yet been externally marketed, as well as a e28m long/short European fund which is the company's main fund. The Beaumont Global Equity hedge fund aims to achieve consistent