Funds of hedge funds on the up


The lure of funds of hedge funds has been reflected in the number of new funds launched in the past few weeks. Magnum Fund Management has launched its Optimised Portfolio Fund in conjunction with GP Asset Management and Ibbotson Associates, who are acting as advisers.

The new fund, which invests in a selection of hedge funds, integrates Ibbotson’s proprietary quantitative models with Magnum’s qualitative expertise and market experience to select best-of-breed hedge fund managers and determine

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