Global Asset Management of Hamilton, Bermuda is planning to file with the SEC to introduce three new closed-end funds in October that will invest in hedge funds, said David Anderson, managing director of Global Asset Management.

The funds will invest in European, technology and global hedge funds, he said. They will be the first funds to invest in hedge funds and will lower the minimum investment needed to invest in hedge funds, he said. There will be a $50,000 minimum investment.

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