DUBLIN, Ireland (HedgeWorld.com)–Abbey Capital Ltd. will manage the portfolio of a new hedge fund arising from a strategic alliance with Refco Alternative Investments LLC, the New York alternative asset management division of Refco Group Ltd. LLC.
Abbey and Refco jointly announced their alliance in November 2003 in order to develop a series of multi-manager managed futures funds.
The first fund, Refco-Multi-Manager Fund-Future Series I, opened Jan. 5.
The fund is open only to offshore investors, but David D. Henritze Jr., president of Refco Alternative investments LLC, said he expects the first of the alliance’s products for U.S. investors to hit the market this spring.