London-based Blacksquare Capital is launching a fund of Ucits hedge funds, Financial Times reports. The Diversified Absolute Return fund will aim to achieve volatility of up to 8% across its portfolio.

The vehicle will invest in a portfolio comprised of a range of investments, including global equities, bonds, foreign exchange and commodities. In January 2010, Blacksquare launched the Multi-Manager Absolute Return Fund.

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