Culross launches listed Nomura note for UK investors

The note is exposed to a basket which contains two of the investment manager's fund of hedge funds portfolios, Culross Global and Culross Arbitrage. At the note's inception, 90% of capital is allocated to the Global fund and 10% to the Arbitrage fund. Asset allocation will subsequently be managed by Culross throughout the note's life, with the potential to both switch into cash temporarily and apply some leverage to invested capital to achieve the note's objectives. The note matures in March

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