WEST PALM BEACH, FL (www.hedgeco.net) – Montreal based hedge fund manager Crystalline Management Inc., has launched a new hedge fund. The new portfolio is an offshore version of the AmethystArbitrage Hedge Fund, a flag ship product of the firm. The Amethyst fund was launched last December according to the press release. This offshore version on the fund was launched with the assistanceof Aramis Capital SA, a European marketing agent from Neuchatel, Switzerland.
Marc Amirault, President of the firm and Principal Manager said, “International investors are looking for Canadian investment products that offer the unique risk/return & correlation characteristics experienced by Amethyst.� Amirault added, �These investors now have access to two low risk investment strategies in a single product, making it a highly sought diversification instrument.�
Amethyst fund is a low volatility hedge fund according to the release; the fund will channel investments into Canadian driven opportunities concentrating on mergers and acquisitions, as well as in Canadian convertible securities. The flagship product onshore Amethyst fund was launched in 1998, and according to the provided data, the portfolio posted an annual net return of 11.1% to investors in the fund from its inception date of 1998 to 2004. The fund trades with volatility in the range of 4.7 percent according to company data.
Details about fee structure and minimum investment requirements were not immediately made available. Further details available from Crystalline Management Inc. Jean-Pierre Langevin Vice-President & Manager: [email protected]
Paul Oranika
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