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Investec follows Star series success with Series II FOHFs

new multi-manager fund aims for 5%-8% annual returns

Investec has launched a multi-manager fund of hedge funds with a target annual return of 5%-8% above the US Libor rate.

The Investec Absolute Return Fund Series II will be run by specialist Paris-based hedge fund of funds manager, Olympia Capital Management.

It follows on from the launch in August 2001 of Series I, a $180m feeder fund for Olympia's Star Series fund of hedge funds.

Star has generated

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