Specialist alternative asset management firm, Blacksquare Capital, has started a second multi-manager fund, Financial Times reports. The IFSL Blacksquare Diversified Absolute Return fund has a target of 8% of volatility.

Richard Sherwin and Ben Raven will managed the new diversified fund, which has a minimum investment of £1000. The asset manager earlier launched the IFSL Blacksquare Multi-Manager Absolute Return fund, which had a volatility of 4%.

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