CrÃ©dit Agricole given permission to register fund by dutch authorities
CrÃ©dit Agricole Asset Management has registered its Green Way Arbitrage fund for distribution in the Netherlands after being given permission for the move by the Dutch regulatory authority.
Green Way Arbitrage is a Luxembourg-registered fund of hedge funds that specialises in arbitrage strategies.
It will be managed by CrÃ©dit Agricole Alternative Investment Products Group, a subsidiary of CrÃ©dit Agricole Asset Management.
The fund invests across selected low-volatility arbitrage strategies such as fixed income, equity/risk and index, as well as market-neutral equities.
It is aimed at investors looking to diversify their portfolio by making lower volatility investments into alternatives and will be sold through the CrÃ©dit Agricole's Benelux office.
Since 1999, the fund has had volatility of 2.14% and produced an annualised performance of 9.64%. It is one of only a few funds of hedge funds registered for sale in the Netherlands, according to StÃ©phane Detobel, head of the Benelux office.
In December last year, Green Way Arbitrage was named second-best fund of hedge funds among European managers in terms of risk-adjusted returns over three years by Investment Week's sister paper Hedge Funds Review. Launched in July 1999, the fund is a Luxembourg-domiciled part II Sicav available in euro, dollar and yen denominations, with monthly or quarterly liquidity.
CrÃ©dit Agricole Alternative Investment Products Group has more than 10 years' experience in the hedge funds industry and around E3bn in funds of hedge funds.
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