Limited issue Threadneedle fund premieres in the UK

Threadneedle is launching the UK's first limited issue fund, a quasi-hedge fund vehicle with lower minimum entry levels.

The fund, to be managed by Mark Holden of Threadneedle's UK high alpha team, will be the first to use the altered UK regulations allowing a retail semi-closed vehicle and which recognises cash as an investment.

Onshore retail funds in the UK are either closed ended, such as investment trusts, or open ended, as in the case of unit trusts and Oeics. The addition of limited issue p