New Star launches second tranche of tracker fund

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First tranche raised $150m for the company in november 2006

New Star is offering a second tranche of its hedge fund tracker this month, with the placing closing on 21 March. Hedge ETS is a London-listed daily tradable security which gives access to hedge fund performance by investing in the RBC Hedge 250 Index. Ravi Anand, director at New Star, said: "Hedge ETS offers unique access to the performance of the hedge fund asset class through a well-constructed index with the added benefit of daily liquidity." The first tranche in November 2006 raised $150m, and attracted investors from 20 different countries, such as Spain, Switzer-land and various o...

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