Star Hedge Managers Corp. on Monday launched a C$75million fund of funds through an initial public offering on the Toronto Stock Exchange. The firm had originally sought to raise C$500 million for the offering.

According to regulatory filings, the fund of funds has exposure to three long/short Canadian underlying hedge funds: the Dynamic Funds, Sprott Asset Management and Front Street Investment Management.

Approximately one third of the Portfolio will be initially invested in the Front Street managed account, which can invest in resources-related companies.