Two groups to offer FoHF-style products

Gam and Cazenove Capital management are to launch products linked to fund of hedge funds (FoHF) style strategies. Cazenove will launch a closed-ended portfolio, to be listed on Aim, exposed to three of its hedge funds, run by Tim Russell, Chris Rice and Neil Pegrum. This has the ability to add further mandates at a later stage. At the outset, the Cazenove Absolute Equity Limited (Cael) fund, will have an initial asset allocation of 35% each to Russell's UK Equity Absolute Return fund and Rice's European Absolute Return fund, with the remaining 30% weighted to Pegrum's UK Dynamic Absolute ...