MoneyGuru seeks $20m

Investment data website MoneyGuru.co.uk is to launch two hedge funds by the end of March. MoneyGuru will launch its growth-focused Opportunities fund in March, and this will be followed by a short-term trading fund, Chartraider. Both vehicles have the option to move into cash and derivatives and can have gearing of up to 100%.

The Opportunities fund will be run by Ian Lancaster, formerly of General Accident and Axa Equity & Law, while Chartraider will be managed by Richard Jennings, formerly