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Fortitude Capital today announces the winning of an international mandate from a US based hedge fund manager. The new mandate will be managed along similar lines as to the accounts currently managed by Fortitude Capital. The account will be for an initial investment of $US25m will capacity guarantees for a further $US25m upon benchmarks being achieved.
Fortitude Capital has launched a domestic Absolute Return Fund for Australian sophisticated investors. The Fund will be seeded by the management of Fortitude Capital and will adopt a similar investment mandate as the one currently managed for Bankers Trust as part of their Total Return Fund.
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