Oxford Advisors, the fund of hedge funds firm, has added another share class to its alternative fund which will offer higher returns and more exposure to non-dollar long-short equity funds than its existing classes.

The new share class will target annual returns of 12% to 15% with a volatility range of 4% to 6%. Assets allocated to the new share class, E, will be allocated among 20 to 30 managers and have a higher concentration to specific managers than existing share classes of the fund. Strategies will remain the same as in any previous share classes, A or C, but with a different allocation. Share class D is closed to new investors and B was discontinued with investors allocated to A.