close finsbury absolute return offers a london-listed investment trust of arbitrage funds
Close Finsbury Absolute Return (CFAR), a London-listed investment trust of arbitrage funds, will aim to return between 8% and 15% per year. Aimed at UK institutional and private client investors, the Guernsey-based investment trust will focus exclusively on arbitrage hedge funds, based predominantly in the US. The subscription period for the trust closes on 26 November and the portfolio will be fully invested by the end of January 2002. The trust is denominated in sterling, carries a minimum investment of £10,000, features a 1.25% fee for the sponsoring broker, Teather and Greenwood, a...
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