The Financial Standard – Absolute Alpha, backed by Astarra Capital Limited, was launched as a hedge fund of funds last night in a bid to offer equity-style returns but with less market volatility.
Absolute Alpha’s CEO, Shawn Richard, former director and owner of Astarra, said he believes their derivatives experience and the cautious approach to selecting fund managers will be their strength.
Richard however was tight lipped about who any of the six managers they are using would be.
