Income fund of hedge funds from Forsyth

Forsyth Partners is to launch an income fund of hedge funds, targeting an annualised income return of 7% paid semi-annually.

The Forsyth Alternative Income fund will not sacrifice capital to maintain the targeted income returns, said Rossen Djounov, who will co-manage the portfolio with Peter Toogood.

'The fund will be focused on fixed income predominantly with global macro limited to 10%,' Djounov said.

'We want to deliver a completely non-directional product, fixed income-based to offer as a repl

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