Lombard Odier Investment Managers (LOIM) is transferring its fund of hedge funds (FoHFs) portfolios to funds of managed accounts, HFMWeek reports. The transition will be done through the new AMP platform, only offered to private bank clients initially. The three portfolios to be affected include Alpha Strategies, Global Equity Long/Short Fund and Caesar Fund. LOIM has appointed former Eddington Capital Management manager Richard Sharman as portfolio manager for reassigning managers of Alpha Strategies. The migration will be over by the end of 2012 starting with 50 managed accounts.
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