Veteran equity manager Chris Poil, former head of UK equities at Baring Asset Management, is staging a come back by taking charge of a new European equity long/short fund.

Poil's vehicle will be a Ucits fund, authorised by the European Union. It will be called Trafalgar Quadrant, operating under the umbrella of London-based hedge fund manager Trafalgar Capital Management, with Poil picking stocks alongside trader Josh Jacobson.