10.10.2008 - F&C launches derivatives-based fund
From Reuters: F&C Asset Management Plc said on Thursday it had launched a new derivatives-based fund to open up strategies used in its Sapphire hedge fund to more investors. The F&C Active Return Fund will be managed by Stephen Crewe and Chris Childs and will target returns of 2-4 percent per annum over short-term money market rates, net of costs, and with low volatility. Fund launches have been thin on the ground while the credit crisis grinds on and as asset managers are stung by heavy redemptions..... Full Article: Source
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