DFD Select launches fund of hedge funds

DFD Select is set to launch a fund of hedge funds concentrating on em-erging managers on 15 October. The Condor Fund, managed by Jeff Barr and David Martin, will invest up to 25% of assets in managers with short track records in order to capitalise on entering good hedge funds early, when the capital managed is small. Funds with large assets under management can miss opportunities because they find it difficult to invest in small-cap companies, according to David Tucker, president of DFD Select. 'You make most money on hedge funds when you get in early. This gives us the abilit...