GHK's debut hedge fund targets institutions and funds of funds

GHK Asset Management has launched a long/short UK and US equity hedge fund aimed at institutional investors and fund of funds.

GHK First Equity, the firm's first hedge fund, will target returns of 14% a year, with a minimum investment of $750,000 or £500,000. The fund, which is listed on the Irish Stock Exchange, will have an initial lock-up period of six months, followed by monthly liquidity.

There will be a management fee of 1% and a performance fee of 20% per year and shares will be denominated