Liberty Ermitage and Finaltis have launched a Luxembourg-based fund of Japanese hedge funds seeded with e10m capital from both groups.
The fund will have a net long bias and will invest primarily in equity hedge funds to target absolute returns as the market rallies, while protecting the downside. It offers monthly liquidity, with an annual management fee of 1.5% and a performance fee of 10%.
'The case for long/short investment in Japanese equities is compelling,' said Jonathan Giles, an
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