Hedge Funds

UK-based hedge fund manager GSA Capital is considering the launch of a new fund that will not charge a performance fee, Financial News has learnt.

The new fund would pursue a trend-following strategy - which uses complex computer algorithms to capture trends in global markets - and charge an undisclosed management fee but nothing for performance, according to a person familiar with the matter.

The $2bn UK hedge fund manager is considering launching a new trend-following fund that would not carry a performance charge

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