Key Gamma Fund is number seven for Key Asset

Key Asset Management has launched its seventh fund of hedge funds designed to achieve returns of above 20% pa.

The Key Gamma fund is invested equally across five primarily long/short equity managers.

Thomas Raber, managing director at Key Asset Management said: 'We are investing primarily in long/short equity driven by two things: the correlation between the funds. Also we are looking for volatility between eight and 10, which is higher than our other funds.'

The fund was set up in response to

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