New Star places Absolute Return hedge fund on Aim

New Star has listed its Absolute Return hedge fund on the Alternative Investment Market (Aim), giving investors access to daily dealing. The Guernsey-domiciled product, managed by Charlie Tritton, invests in 10 underlying long/short strategies run by New Star's existing managers such as Richard Pease, Tim Steer, Ian Beattie and Guy de Blonay. Asset allocation of the portfolio depends on the fund's risk and return objectives and how much exposure they have to the market. There is no minimum investment because shares are sold on the exchange. The product has a 1.5% annual management charge ...