130/30 Invades Britain

Are bored with life in NYC?  Go to London and start a 130/30 fund. It is hard to believe the first UK fund just launched , given the competitive landscape and supposed innovation taking place, such as the AIM market. Its hedge fund lite, fersure, but hang a shingle and put a wheelbarrow outside your door, it won’t take long to fill ‘er up.

Given how much we’ve read about them this seems hard to believe. But the UK is apparently poised to get its first 130/30 fund.
Shrugging off the deal-making of its majority owner, F&C is planning to launch within weeks what it thinks is the first 130/30 fund investing in UK equities, dubbed the F&C UK Enhanced Alpha fund. FT Alphaville

You might not earn as much as Dan Loeb, but of course you won’t have to work very hard either.

Stand by-first UK 130/30 on its way
FT Alphaville

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