UPDATE 1-Ex-Millennium trader Dale raises $200 mln for hedge fund launch -sources

April 1, 2015 10:40 AM

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* Fund aims to return 10-15 pct a year net of fees (Adds detail, background)

LONDON, April 1 (Reuters) - A European hedge fund being launched by one of the sector's most successful managers plans to start operating in May after luring at least $200 million in capital, sources familiar with the matter said, reflecting strong demand from investors.

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