Commerzbank is set to launch an open-ended, Luxembourg-based fund of hedge funds, with fund selectio...
Commerzbank is set to launch an open-ended, Luxembourg-based fund of hedge funds, with fund selection handled by the group's alternative investment strategies group based in New York. The launch follows the success of the group's two existing closed-ended products aimed at investors in Germany, which operate via a certificate structure. Unlike the two products launched so far, Comas-1 and Comas-2, the new fund will aim to have a higher risk/return profile. The Comas products give access to around 2530 underlying funds run by external managers mostly in the US and London. The portfolios re...
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