INVESCO to launch Oz fund

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AUSTRALIA - INVESCO in Australia is launching a multi-strategy fund that will combine a variety of portable alpha strategies within one overall strategy which has a return target of eight to 10% over a cash-based benchmark.

The fund will be offered to Australian investors first in October before a global fund is rolled out for North American clients in early 2007, said Peter McClelland, head of INVESCO’s Sydney office...

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