Zurich International Launches Fund of Hedge Funds
Zurich International Life’s new hedge funds
Reacting to investor demands for hedge fund products, Zurich International
Life has launched its own hedge fund of funds, the new strategy targets
non-UK investors according to the released statements. For some time Zurich
investors have demanded hedge fund vehicles, due to the popularity of
such products.
The launching of the Zurich International European Absolute Fund and
Zurich International Global Absolute Fund is in line with such demands.
The new portfolios would be actively managed by HSBC Republic Investments,
according to the statement. Such hedge fund product is also aimed at investors
who are interested in diversifying their investments. Both hedge fund
strategies would be denominated in both the Euros as well as the US dollars
Advantages of hedge fund of funds
Zurich International has a wide array of distribution channels and the
new launched hedge funds would also be available through Zurich International
Life’s full range of individual and corporate products according
to the statements. The advantages of fund of hedge funds, in addition
to providing diversification are that such products are able to invest
in a wide variety of managers as well as products.
Commenting on the new hedge fund of fund products, Mark Goodman, the
director of distribution at Zurich International Life said, “The
new hedge fund of funds allow investors access to hedge funds without
the risks associated with some single strategy funds. The two new funds
fit in our range between traditional equity and bond funds and we expect
investors will use these funds to reduce their portfolio volatility whilst
remaining invested in real assets.”
Paul Oranika
Editor-in Chief
Hedgeco.net
Email: Editor@hedgeco.net
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