Bank adds to its fund of hedge funds range with a product aimed at conservative investors
American Express Bank has launched an open-ended fund of hedge funds aimed at conservative investors. The Global Market Neutral Fund of Funds Conservative portfolio, which is available to UK investors, is the third fund of hedge funds from American Express and is designed to stand alongside its moderate and higher risk products. The fund is managed by Sam Perruchoud, senior director of alternative investment and structured products in Geneva. He said: 'The basic idea behind this product was a very conservative fund of funds that would be complementary to short-term bonds in a portfo...
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