U.K. names FoF managers

U.K. Chancellor of the Exchequer Alistair Darling revealed the identity of the two funds of funds managers that will be in charge of the 15-year, government-backed U.K. Innovation Investment Fund. The government selected the European Investment Fund to run the technology fund of funds, which will focus on life sciences, digital information and communication tech and advanced manufacturing. In its first closing, the fund raised L100 million ($164 million) from the U.K. government and L100 million from the EIF. ...