Aussie hedgies open new international fund

Cadence Capital has launched a new offshore hedge fund named the Cadence Cayman Fund. The original vehicle was established three-and-a-half years ago as an open-ended fund and that was subsequently joined with a listed closed-end fund. The Cadence managers have not been marketing, but lured by return numbers of 57% in 2006, institutional investors, who are now in greater numbers placing Australia on their business-trip itineraries, have been knocking on CadenceÆs door and asking for a…