WEST PALM BEACH, FL (HEDGECO.NET) -HFR Asset Management has launched a new fund. The new fund according to the released information is made up of two different strategies. One component of the fundis dedicated to equity instruments; the second component will be totally dedicated to market neutral strategies.
The fund will provide capital preservation and protection note offered through an Irish, IIB Bank, a wholly owned subsidiary of KBC Bank. Managing Director of HFR John Godden explained that the two portfolios, equity and market neutral, are part of the same fund of funds product. However, both funds according to Golden will be managed independently.
The global investment management committee of HFR will oversee both portfolios. Each strategy will have about 25 managers involved with the fund�s trading decisions. The investment management committee will review allocation decisions between the two strategies on monthly basis; weightings will be accordingly alternated in light of decisions made by the committee.
Minimum investment requirement for the new hedge fund is 10,000 euros according to the statement; leverage will be employed in the range of 200%. Fee structure was not immediately disclosed.
Paul Oranika
Editor-in-Chief
HedgeCo.Net
Email: Editor@hedgeco.net
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