New Legacy Group has rolled out a new emerging manager (EM) fund of hedge funds (FoHF) in the market, HFMWeek reports. The New Legacy Emerging Manager Fund that was launched last month has seven underlying managers, which manage equity-focused strategies.

The fund has a $300 million capacity and has quarterly liquidity, a six-month lock-up and fees of 75 basis points. Co-founder of the New York-based investment firm Adam Geiger is the portfolio manager of the fund.

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