WEST PALM BEACH, FL (HEDGECO.NET) – International asset management firm, Deutsche Bank has unveiled a new fund, which will offer investors exposure to hedge fund strategies. According to publishedreports, the new vehicle is being introduced in Hong Kong. The MaxVision Guaranteed Fund will provide exposure to hedge funds via the HFRX Global Daily Hedge Fund Index.
The fund is also the first in a series of products, which the Deutsche Bank hopes to introduce into the Asian market. The MaxVision Guaranteed Fund will offer 50 to 70% for initial participation rate in the HFRX index, but the reports also said such exposure may go higher, depending on the asset allocation formula employed by the fund.
According to the released statements, the MaxVision Guaranteed Fund offers investors a 100 percent guarantee of their invested assets; such assets should mature in about four years, and eleven months. A fixed payout of about 3% will be paid after one full year of committing such assets in the fund.
Citibank has been selected to market and distribute the fund to investors. Minimum investment has been established at US$5,000. No further details about the new fund were immediately provided.
Paul Oranika
Editor-in-Chief
HedgeCo.Net
Email: [email protected]
HedgeCo.Net is a premier hedge fund database and community for qualified and accredited investors only. Membership on www.hedgeco.net is FREE and EASY. We also offer FREE LISTINGS for Hedge Funds!
Be sure to check out our sister sites. www.hedgefundlounge.com, www.hedgefundtools.com, and coming soon www.hedgefundemployment.com.
