Reuters UK- The 129 million-pound Absolute Return Trust, a fund of hedge funds run by Fauchier Partners, is considering issuing new shares to raise assets, the latest hedge fund vehicle to tap the market.<\/p>\n
The investment trust’s move, announced in a note to the Stock Exchange on Thursday, follows Brevan Howard’s BH Macro fund (BHMG.L: Quote<\/a>, Profile<\/a>, Research<\/a>) raising $131 million (64 million pounds) on Wednesday.<\/p>\n Earlier this month Thames River Multi Hedge fund (TRMU.L: Quote<\/a>, Profile<\/a>, Research<\/a>) said it plans to raise up to 100 million pounds in new assets because of investor demand.<\/p>\n “There’s been a lot of interest in the market because it’s been performing well for the whole of this year, including in the difficult period,” Anthony Brooke, Director at British-based Fauchier Partners, told Reuters on Friday.<\/p>\n He declined to say how much the trust plans to raise.<\/p>\n The Absolute Return Trust (ABR_p.L: Quote<\/a>, Profile<\/a>, Research<\/a>), which invests in a range of hedge strategies including macro, equity long-short, credit, event-driven and short-bias funds, has seen its net asset value rise 14.58 percent from the start of the year to Oct 19. Shorting means betting on a lower price for a security in the future.<\/p>\n