Martin Currie raises £13.5m for third in hedge fund series

Martin Currie has raised an initial $13.5m for a third hedge fund in its Absolute Return series.

Launched 18 July, Martin Currie Absolute Return Funds ' Asia Fund is Bermuda registered and Dublin listed with a minimum investment of $100,000.

It aims to provide an annualised return of 15% to 20% with volatility of less than 12%.

The fund manager is Jason McCay, who worked for Deutsche Morgan Grenfell in Indonesia as head of research. He joined Martin Currie in 1998 and has managed the long-only Mart