Joint effort forms Albourne-Plus

PlusFunds and the Albourne Group have formed an alliance to launch Albourne-Plus (A+), a consulting service allowing investors to evaluate, monitor, and risk-manage their hedge fund portfolios. PlusFunds' technology infrastructure, which generates daily net asset values and risk data, will be combined with the consulting experience of the Albourne Group. A+ will be based in PlusFunds' New York offices.

Christopher Sugrue, chairman of PlusFunds, said: 'No other hedge fund consultant has the

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