Frankfurt (AFX) – Commerzbank AG is planning to expand its business of funds of hedge funds and aims to increase funds it has under management to 4-5 bln eur in the medium term, the head of Alternative Investment Strategies at Commerzbank, Mehraj Mattoo told Boersen-Zeitung.
Currently funds managed by Commerzbank in this segment amount to 700 mln usd, Mattoo said, adding that several new products will be launched in the next few months.
