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Lux-based Sicav from Morley

Morley Fund Management has launched a Luxembourg-based fund of hedge funds Sicav and is looking to launch a similar UK-based investment trust later this year.

The Sicav, Aviva Alpha Optimum, was launched at the start of July and has already raised $100m. It is branded Aviva as this is the company's most recognised brand name in Europe. The fund is being managed by US boutique management house

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