Fund of hedge funds

Bank of Bermuda is to offer a global fund of hedge funds, intended to offer a diversification tool for high net-worth individuals. The selection of underlying investments will be done by Banque Notz Stucki, a Geneva-based partnership formed by Bank of Bermuda, Banco Santander Central Hispano and the partners of Notz Stucki & Cie. The All Points Fund of Funds Alternative Class, has already been internally seeded with $65m. It has a 50% exposure to long/short equity managers and a 50% exposure to low volatility and market neutral strategies. This includes index arbitrage, convertible bond ...