European market-neutral equity fund started by INVESCO

INVESCO is offering a new European market-neutral equity fund, said Russ Kamp, global chief executive of the firm's structured products group. The firm plans to lever its relationships with U.S. and European clients already invested in the firm's U.S. market-neutral strategy, and depending on the success of the European strategy, could develop a global market-neutral strategy, Mr. Kamp said. The firm manages about $1.5 billion in its U.S. market-neutral strategy, said Mr. Kamp.