F&C Amethyst Fund Closes, EUR470 Million

F&C Alternative Investments closed its hedge fund, F&C Amethyst Fund, which it launched in January 2003. The fund closed with 470 million from institutional and professional investors. We soft closed the fund to new investment at the beginning of last

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F&C Alternative Investments closed its hedge fund, F&C Amethyst Fund, which it launched in January 2003. The fund closed with 470 million from institutional and professional investors.

We soft closed the fund to new investment at the beginning of last year after raising 250 million, but we always believed, given current market conditions and contract liquidity, that the optimal capacity was nearer to 500 million,” said Alex Ingham Clark, marketing director of F&C Alternative Investments.

Part of the F&C Gemstone range, the F&C Amethyst Fund is an equity volatility trading fund. The range also includes a derivative strategy fund, and a European equity long/short, both of which remain open for investment.

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