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Scottish Mutual jumps on hedge bandwagon

six-year 100% capital vehicle links to swiss boutique Bucephale

UK life company Scottish Mutual has launched a six-year 100% capital Guaranteed Pension Investment (GPI) vehicle. Its performance will be linked to a fund of hedge funds managed by Swiss investment boutique Bucephale.

The life office, the latest in the UK to tie with a fund of hedge funds product, is aiming the vehicle at the high-end pension market as well as small occupational schemes.

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