Guernsey-based fund of arbitrage hedge funds targets UK investors

A London listed fund of arbitrage hedge funds is being marketed to UK institutional and private client investors. The Close Finsbury Absolute Return fund is a Guernsey-based investment trust company whose investments will be exclusively in arbitrage hedge funds. Coronation International Limited in London, which manages US$1.1bn of assets across nine funds of hedge funds, is the investment adviser to the company. It is a subsidiary of Coronation Holdings in South Africa that manages US$5bn of lon