The size of the trust has doubled in the last year, and overseas interest has led to the creation of non-sterling asset classes
Ian Collier, a director at boutique fund of hedge funds (FoHF) specialists Dexion Capital is on a mission. He believes the future for FoHF managers must be closed-ended structures; anything else is just a waste of time. He has a point - the group's flagship Dexion Absolute investment trust dominates its class and has an unparalleled track record behind it. Investors who want in on the next share issue had better get their skates on. When it comes to the burgeoning wealth manager market for FoHF, Collier is blunt. He says: "If you did not invest in a closed-ended fund, men in white coats ...
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