Crescendo repeats offer after success

The Crescendo European Fund, Scudder Threadneedle Investment's hedge fund that launched in September 2000, has reopened to new business.

The original business strategy of the fund was to raise initial seed capital from a small client base. Clients came from external organisations, and particularly from fund-of-funds managers.

Hitesh Bharkhda, hedge fund business manager at Scudder Threadneedle, evaluated the first four months of the fund's performance as a "very interesting and tough time".

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