Guaranteed hedge fund by New Star

New Star International has launched a capital guaranteed European long/short equity hedge fund to be managed by Richard Pease, with Alan Miller advising on UK equities. The New Star Capital Guaranteed European Hedge fund, with a minimum $50,000 investment, will be wrapped with a rising capital guarantee provided by HSBC Bank. Under the guarantee, investors will be repaid at least $100 per share, the launch price, on the maturity date in April 2008. Pease already runs a European long/short hedge fund for the group. The new fund will largely mirror the existing portfolio, except in ...