In a Reuters story today; Laven Partners to launch fund of hedge funds;

Investment management consultancy Laven Partners plans to launch a "best ideas" fund that will invest with a range of boutique hedge fund managers, it said Reuters on Monday. The portfolio, which is likely to be called the Laven Funds Multi-Strategy fund, will be launched on March 1. It will invest in around 10 hedge funds, most of which will have less than two years' track record.

In other news, Matrix announced the launch a new Fund Of Hedge Funds (FOHF), the Matrix Emerging Markets Index Fund. The FOHF is designed to allow participation in the upside of emerging markets, whilst reducing downside risk. The initial offering opens on the 28th of January through the 20th of February 2007.

More at; Emerging Markets Fund Of Hedge Funds Launched By Matrix