UK - GAIM Advisors (GAIM), the Financial Services Authority regulated subsidiary of Integrated Asset Management plc has launched a new long/short fund of hedge funds.
The GAIM Absolute Return Long/Short Equity Fund, incorporated in Dublin, invests in a “diversified portfolio of the largest and most successful equity long/short strategy funds”, GAIM said.
The fund will be offered in US dollar and Euro, with a minimum investment of US$125,000. Both classes will be listed on the Dublin Stock Exchange.
Ian Martin, managing director of GAIM, said: “The GAIM Long/Short fund is a key product for us, it broadens and compliments our current product offering and enables us to scale our excellent fund management process.
“We are very optimistic about opportunities over the next few years and anticipate strong demand for this fund from existing and new clients.”
Commenting on the fund itself, GAIM said it was an “attractive complement” to a long only portfolio as it has a low correlation with traditional asset classes, enabling it to “reduce the volatility and increase the potential return of the overall portfolio”.
In addition to the new fund of hedge funds, GAIM offers four others: multi-strategy, market neutral, European long/short and an emerging manager.
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