Alternative Asset Advisors is to change the domicile of its Cayman-based ACE multi-manager hedge fun...
Alternative Asset Advisors is to change the domicile of its Cayman-based ACE multi-manager hedge fund range to Luxembourg and lower the minimum initial investment from 1 September. The Alternative Capital Enhancement Sicav will have five sub-funds with minimum initial investment levels reduced from $250,000 to $20,000 for retail investors and $100,000 for institutional investors. A euro share class is also being added. The initial five sub-funds will be ACE Balanced, Structured Balanced, Long/Short, Multi Arbitrage and Macro. Eric Syz, partner of parent group Syz Bank, said a further...
To continue reading this article...
Join Professional Adviser for free
- Unlimited access to real-time news, industry insights and market intelligence
- Stay ahead of the curve with spotlights on emerging trends and technologies
- Receive breaking news stories straight to your inbox in the daily newsletters
- Make smart business decisions with the latest developments in regulation, investing retirement and protection
- Members-only access to the editor’s weekly Friday commentary
- Be the first to hear about our events and awards programmes