Hedge Funds

Farrell launches hotly tipped PFG product

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Robert Farrell, a former senior portfolio manager at Soros Fund Management, has launched his fund under his new firm PFG Advisors.

He recently rolled out PFGA Relative Value Opportunity Fund with $25 million in assets from the firm's partners and affiliates and is said to be limiting the initial capital to $225 million in assets.

PFGA Relative Value Opportunity's core holdings will be in U.S. and other sovereign government securities, U.S. government agencies, exchange-traded interest rate futures and options and OTC interest rate derivatives.

The fund's core strategy will be bets on the shape of the curve and the