UBS Warburg sponsors fund

UBS Warburg is sponsoring a new split capital closed ended investment company incorporating a hedge fund element. This is the first hedge fund developed by Morley Fund Management. Morley Absolute Growth Investment Company Limited (MAGIC) and is a closed end investment vehicle which aims to deliver high and growing income while maintaining capital value.

The company's investment portfolio will be divided into two parts, initially approximately 55% will be invested in the Morley Alternative St