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Charlemagne unveils closed-ended fund arbitrage vehicle

Charlemagne Capital, the newly rebranded Eastern Europe investment operation that was formerly part of Regent Pacific, is set to launch a closed-ended fund arbitrage vehicle.

The Cayman-domiciled fund will aim to buy into closed-ended funds trading at a discount to net asset value.

While Regent has operated within that strategy since 1991, this vehicle will, for the first time, attempt to hedge out

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