Barclays' fund management arm, Barclays Global Investors, and its investment banking division, Barclays Capital, have launched a new fund of hedge funds for European institutional investors. Dublin-domiciled BGI Diversified Alpha Funds (DAF) uses a range of strategies including relative value, event driven and long-short equity.
DAF will invest in Dublin-regulated unit trusts for which 10 undisclosed hedge fund managers have been appointed. Managers are expected to be added over time, with the figure potentially reaching 2...
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