AIS to issue 'C' shares in a bid to double its asset size

Alternative Investment Strategies Ltd (AIS) is issuing up to $100m as new redeemable ordinary shares which will allow investors to cash in every six months at net asset value less 3% to cover sales costs. AIS, an investment trust which invests in hedge funds, has a track record going back to December 1996 when it was launched with the objective of achieving superior returns with low volatility through investment in a diverse portfolio of hedge funds. The 'C' share issue aims to double its current asset size. Alan Djanogly, lead manager of the trust, said: "Once the proceeds of the issue h...