	baring unit sets up fund for management buy outs baring capital investors ltd bci a unit of the u k merchant bank baring brothers and co ltd said it has raised mln european currency units ecus which will be invested in management buy outs and development capital opportunities in the u k and continental europe the funds were raised through bci s first such fund the baring euaring european capital trust from investors in nine european countries it expects to raise another mln ecus soon through a french fund and a fund for u s investors bci was set up last year by baring brothers to advise buy out and development capital investors bci said the new fund is structured as a guernsey based unit trust which will be listed on the luxembourg stock exchange it will be advised by bci and managed by a company owned jointly by barings and the management of bci individual investments are expected to range between one and mln ecus and are likely to be concentrated in the u k germany and france bci said its aims are to invest in established companies principally family companies with succession issues and corporate spin offs reuter 
