Tilney to add intermediary class to Opal

Tilney is to introduce an inter- mediary share class on the Opal Alternative Growth portfolio, the fund of hedge funds product it launched in February. The group is now in the process of listing the fund in Dublin and hopes to launch the share class later this month. Once in place, intermediaries will be able to get clients into the absolute return, market neutral portfolio with a minimum investment of £10,000. The product will offer advisers 3% initial commission and 0.5% trail. The fund, run by hedge fund managers Tremont, invests in a range of portfolios, 14 at present although t...