An article at HedgeCo.Net today announced the launch of Magma Fund Advisors Ltd's first hedge fund, the Cayman domiciled Vesuvius Investment Fund, which opened its doors in January, 2008.

The new hedge fund was formed for a select group of international investors, using approximately 10% of the funds gross assets to trade S&P 500 futures contracts based on trends forecasted by Xybemomics.

With citigroup global markets as prime broker, the hedge fund has a 12 month lock up period, a 2% management fee and 20% as performance fee. Vesuvius has a minimum investment of $1,000,000.

The Vesuvius Investment Fund will also, as secondary investment strategy, achieve consistent long-term capital appreciation by using approximately 90% of the hedge fund's assets to hold cash, or other risk adverse positions, in order to offset the risk associated with trading futures.

Magma Fund Advisors was founded in 2007 to secure high quality investment returns for institutional investors and high net worth individuals by applying a diverse range of investment products.