New Morrison fund targets FX

The fund will invest primarily in high-quality, fixed-income and foreign exchange, Morrison's area of expertise, but with some equity and derivatives investment.

Deutsche Bank is the prime broker, the fund will be domiciled either in Dublin, Cayman or perhaps the UK, and the charging structure will probably be 1% amc and 20% performance fee.

The fund is a wholly owned subsidiary of Desmond Dermot's International Investment and Underwriting in Dublin. This is the company's first hedge fund and is

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