Baring poised to unveil hedge

Baring Asset Management is launching a hedge fund, the Baring Asia Strategic fund, subject to regulatory approval. The multi-strategy equity fund, managed by Adrian Au, is expected to be launched on March 1, and will be available to institutional and other professional investors. It will invest in Asian equities excluding Japan, but including Australasia and India, and will target returns in excess of 20% a year with a maximum volatility of 15%. Minimum investment is €125,000 (£94,000).