F&C, whose flagship Foreign & Colonial Investment Trust was the first such investment vehicle of its type, has announced plans to give investors access to a portfolio of hedge funds through a new listed investment company.
The launch, which combines F&C’s investment trust pedigree with the expertise of its dedicated fund of hedge funds business, will deepen F&C’s drive into specialist areas and complement the extension of its closed-end investment range in recent years into areas such as commercial property and private equity funds of funds.
F&C has this week begun pre-marketing of the F&C Event Driven Fund which is being targeted at discretionary private client portfolio managers, institutional investors and investment intermediaries. The company, which will seek a listing on the Official List of the UKLA in the second quarter of 2007, already has capital commitments of £85 million prior to its fund raising exercise.
