Key Gamma Fund is number seven for Key Asset

Key Asset Management has launched its seventh fund of hedge funds designed to achieve returns of above 20% pa. The Key Gamma fund is invested equally across five primarily long/short equity managers. Thomas Raber, managing director at Key Asset Management said: 'We are investing primarily in long/short equity driven by two things: the correlation between the funds. Also we are looking for volatility between eight and 10, which is higher than our other funds.'The fund was set up in response t