Alternative Asset Advisors changes its hedge domicile

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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...

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