GIA launches passive strategy hedge fund

London-based investment management firm Global Investment Advisors (GIA) has launched a passive strategy fund of hedge funds, the first in a series of four. The GAIM Market Neutral Fund, which is domiciled in the British Virgin Islands, will invest in up to 20 of the leading index constituent hedge funds of the market neutral sub-index of the CSFB-Tremont Hedge Fund Index. Its assets will be allocated to the largest investible hedge funds by asset size. Minimum investment in the fund is E100,000 or $100,000, as GAIM is available in both euro and dollar shares. The move follows t...