Zurich-based long/short hedge fund manager, Varus Capital Management, has gained its first U.S. investor, HFM Week reports. The Varus Fund has secured allocations from a fund of hedge funds (FoHF) manager based in Greenwich, Connecticut.

The investment, which will form 5% of the fund’s total assets under management, has helped Varus in creating a new share class, Class F, for U.S. investors. Varus Capital’s hedge fund was set up by Stefan Heieck and Frank Siebrecht, who were formerly with Absolute Capital Management.

Click here for the story from HFM Week.