New Star launches managed hedge fund

Fund of hedge funds promises transparency and no extra fees for institutions.

New Star Asset Management, a $15 billion London-based asset manager, will launch an actively managed portfolio of its own hedge funds in June. The firm currently manages over $500 million in hedge fund assets.

The New Star Managed Hedge Fund will target returns of 10%-15%, aiming for equity-like returns with bond-like levels of risk.

The decision to launch this product was a response to the strong demand we've had from investors for exposure to the full...

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