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Giant fund for Cardinal Back  
Cardinal Asset Management, the Dublin and London based hedge fund manger, is readying what will probably be one of the largest hedge fund launches of 2005.
The multi-strategy equity fund is expected to launch on March 1st , and it will start with approximately $500 million. It will be managed by a high profile trio, led by Philip Wale, former global head of property trading at Commerzbank, and also including Stephen Gibson, former managing partner at First New York Securities in London, and Justin Haque, who was acting head of equity sales trading at Commerzbank.

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