Answer: There is a relatively hardy, red-bladed, shorter, ornamental grass called Imperata cylindrica 'Red Baron' as well as the I. c. 'rubra'. These will grow in partial shade, but not heavy shade, and would prefer more sun in cooler regions. However, they are considered hardy only to zone 6 and possibly to zone 5, so it is unlikely they would be hardy for you. You could grow it as an annual. So the plant does exist, but whether or not it would meet your criteria is unclear.
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