Barclays Global Investors laun-ched a U.K. Equity Market-Neutral Fund...

Barclays Global Investors laun-ched a U.K. Equity Market-Neutral Fund with £15 million ($21.5 million) in seed capital to tap the growing European market for hedge funds. The fund is from an existing non-U.S. client, said Kevin Coldiron, head of market neutral; he would give no further details. The new fund will close to new investment at £500 million. It is the first in a range of actively managed European hedge funds BGI plans to launch during the next year, he added.