Barclays Global follows currency launch with new long/short fund

Barclays Global Investors is to follow its currency fund launched on 6 August with plans to launch a UK small-cap long/short hedge fund.

The long/short fund is still in the early stages of development, but could be available to investors in the fourth quarter.

BGI has set capacity at $1bn in assets under management for the Dublin-based BGI Currency Fund, which invests in 11 currencies including the dollar, euro, sterling and yen, with the euro being the favoured currency, according to Mark Fitzge