Investec second tranche is born

Investec Asset Management has launched the second tranche of its fund of hedge funds. With the Investec Absolute Return Fund Series II, Investec allocates the management of the fund to the Paris-based Olympia Capital Management, a specialist hedge fund-of-funds manager. Olympia has experience of analysing hedge fund managers worldwide and its flagship fund ' the Olympia Star Series ' has, over the last 10 years, achieved an annual compound return of 12.47% after all fees. The Investec Absolute Return Fund Series II aims to achieve returns of between 5% and 8% in excess of US dollar...