Liberty Ermitage to launch multi-strategy fund

Liberty Ermitage, the fund of hedge funds group, is set to launch a new multi-strategy fund of hedge funds investing across both directional and spread-based hedge fund strategies.

The fund has been seeded with proprietary capital, and has attracted significant pre-launch interest. Commitments to the end of January are approximately $50m (€48m) and the group expects the fund to reach $100m fairly quickly.

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