New York-based Absolute Fund Advisors is planning to commit to five new managers in the next six months in its flagship fund of hedge funds (FoHF), Hedgeco.Net reports, citing HFMWeek. The Absolute Fund is targeting to seed emerging portfolio managers looking to gain critical mass. The hedge fund is considering deploying $10-25 million in capital to equity or options strategies which have less than $50 million under management. Absolute is seeking to seed a variety of low volatility manager, including long/short strategies, ETF arbitrage, statistical arbitrage and market neutral.

Click here for the story from Hedgeco.Net.