New fund of hedge funds to launch

Date: Tuesday, September 2, 2008
Author: Advisor.ca

Star Hedge Managers Corp. has obtained a receipt for the final prospectus for the initial public offering of units.

The fund will invest in a portfolio of private investment funds or portfolios managed by Rohit Sehgal of Dynamic Funds, Eric Sprott of Sprott Asset Management Inc. and Normand Lamarche of Front Street Investment Management Inc.

The fund units will be priced at $10 each, with a minimum investment of $1,000. The offering closes September 29, 2008, and has a maximum issue size of $500 million.