47° North New Generation Fund: 47° North Capital Management

Best Performing New Fund of Hedge Funds: Winner

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The 47° North New Generation Fund launched in March 2009 to offer investors access to a diversified portfolio of early stage hedge fund managers spread over different investment strategies.

It seeks to benefit from higher risk-adjusted returns through exposure to early-stage managers and smaller funds with shorter histories than those usually attractive to funds of hedge funds.

The underlying funds typically have assets under management of less than $500 million and track records of less than

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