Centaur Corporate, the London-based sports investment manager, is ready to launch what it says is the first fully regulated sports fund at the end of March.

The investment objective of the Galileo Fund is to generate returns from the global sports market by trading and investing in global sports exchanges such as Betfair, Betsson, Betdaq and Sports Index. The strategy that Centaur will use consists of technical and fundamental analyses of all sports classes on these global sports markets. The investment advisors will buy or sell and have the price option at which they want to trade, and will engage in trading while the event in question is "in play."

The analytical data from the technical analysis and fundamentals will be used to make pre-event recommendations to the trader, who has the option to enter the market pre-event or hold off until the live event. The fund will not borrow or use leverage.

Centaur will act as the investment advisor, while Credit Suisse, based in Gibraltar, will be the custodian of the fund. The management of the fund will be charged to Quay Umbrella Fund PCC Limited, also Gibraltar-based firm, with Philip Docker and Andrew Beckwith as the managing directors in charge of supervising Centaur Corporate.

Centaur has operated five unregulated funds in the past 10 years, and says it has generated returns of above 40 per cent per annum in the last five years.