Launches & Closures

World Cup incentive for Octopus/Serero launch

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Octopus Investments, the London-based firm that recently hired well-known European equities manager Thierry Serero, has launched his new absolute return fund with an unusual incentive for early investors, tied to the outcome of the imminent World Cup.

Octopus is waiving its initial fee on any investment received into the fund during the first few weeks, with the offer continuing to stand for as long as England or France remains in the tournament. "Investors can debate how long they think this early bird period may last," said a statement by the firm.

The IM Octopus Absolute European Fund will aim to