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3A's ACE changes its Cayman listing to Luxembourg Sicav

Investors have choice of five strategies in 10 sub-funds

Hedge fund operator 3A Alternative Asset Advisors, has moved the registration of its $225m fund of hedge funds, ACE, from the Cayman Islands to become a Sicav in Luxembourg.

The Geneva fund group has also decided to introduce 10 sub-funds covering five strategies under the umbrella. Each strategy has one fund with a dollar and one with euro shares. They will employ five different strategies to

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