HedgeCo.net – F&C Asset Management PLC is planning on launching its first private equity fund of funds product for institutional investors. The new fund will invest in event-driven hedge funds, which bet on M&A, share buy-backs and other corporate events.<\/p>\n
The new fund will invest in between 20 and 40 hedge funds selected and monitored by F&C Partners. Alain Grisay, F&C’s CEO, said at a press conference: “We are near the completion of our first new European private equity limited partnership.” The first soft closing for the fund is expected in a couple of weeks and initial institutional commitment could be in the region of E130 million ($173 million).
F&C is also pursuing alternative investments such as hedge funds with a global diversified fixed income products. “Further hedge funds will be launched as and when we identify the right opportunity”, he said. This is part of a three-year plan to focus on specialised and high-fee fund management activities such as hedge funds and LDI’s (Liability Driven Investments).<\/p>\n
Earlier this month a new portable alpha fund was launched using long\/short bets on assets, markets and currencies through the use of derivatives.<\/p>\n
“We are convinced that this product has the potential to achieve significant scale,” Grisay said. The results for the new strategic plan will be visible by 2009, the CEO pledged.<\/p>\n
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Alex Akesson HedgeCo.Net is a premier hedge fund database and community for qualified and accredited investors only. Membership on www.hedgeco.net<\/a> is FREE and EASY. We also offer FREE LISTINGS for Hedge Funds! <\/p>\n Be sure to check out our sister sites. www.hedgefundlounge.com<\/a>, www.hedgefundtools.com,<\/a><\/strong> and www.hedgefundemployment.com.<\/strong><\/a> <\/p>\n<\/p><\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":" HedgeCo.net – F&C Asset Management PLC is planning on launching its first private equity fund of funds product for institutional investors. The new fund will invest in event-driven hedge funds, which bet on M&A, share buy-backs and other corporate events. […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3],"tags":[],"class_list":["post-5818","post","type-post","status-publish","format-standard","hentry","category-hedgeco-news"],"_links":{"self":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/5818","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/comments?post=5818"}],"version-history":[{"count":0,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/5818\/revisions"}],"wp:attachment":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=5818"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=5818"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=5818"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
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HedgeCo.Net
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