WEST PALM BEACH, FL (HEDGECO.NET) – Key Asset Management Company has launched its latest fund; Key Hedge Fund Plus is a fund of hedge funds geared towards high-net-worth investors. According to thereleased statements, the new fund of hedge funds, offers �a ratio of one part debt for each part of equity in the Key hedge fund.�
The Key Asset Management firm has been running hedge funds for about 14 years, and according to published reports, the firm has achieved an average return of about 9.4% per annum; employed volatility is in the range of 1.6%. The new fund has been seeded with about US $40 million.
A minimum investment of about US $150,000 is required, according to released statements by Thomas Raber, managing director of Key Asset Management; he explained that the launching of the new product was necessitated by client demand. The fee structure for the new fund has not been immediately provided.
Commenting on the new launch, Jacob Schmidt, director of research at Allenbridge, said, �Key hedge fund is well-known. I expect there to be a lot more launches of leveraged funds of hedge funds as investors become more willing to take on risk for the prospect of greater reward. But they also have to be aware of the potential risk of leveraging, if the market then goes down.�
Key Asset Management (UK) Limited, founded in 1989, is an investment manager regulated by the Financial Services Authority. Key Asset Management (UK) Limited is part of the KAM Group (KAM) which also has offices in Geneva, New York, Oslo and Stockholm.
With a team of twenty-seven investment professionals in five global locations, KAM focuses on absolute return investing, its clients include a broad variety of institutions, including banks, family offices, other corporate and pensions funds, located across the globe. KAM currently manages and advises in excess of US $860 million across a number of hedge fund investment strategies, according to company information.
Paul Oranika
Editor-in-Chief
HedgeCo.Net
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