Dexion Capital anticipates returns of up to 15% over next five-year period

Dexion Capital has launched a fund of hedge funds with target annualised returns of 12% to 15% over any five-year period.

The London-listed and Guernsey domiciled fund will invest in 36 underlying hedge funds diversified by strategy, style and management group.

The closed-ended investment fund will levy a 1.5% management fee inclusive of 0.5% trail commission payable quarterly and 10% performance fee subject to a trigger of 3%pa performance.

Harris Associates will manage Dexion Absolute in the sam