Asia next stop for incubator hedge fund

The launch of an offshore umbrella hedge fund in Australia will soon be followed by similar funds in Singapore, Japan and Hong Kong.

Bank of Bermuda has teamed up with Goldman Sachs, PriceWaterhouseCoopers (PwC) and Deacons to launch the Kangaroo Fund -- a cut-price incubator hedge fund for small alternative investment managers in Australia.

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