product launch | capital protected note will invest primarily in emerging managers in various strategies
Hedge fund specialists Fortune Asset Management have teamed up with Deutsche Bank to offer a capital protected note investing primarily in emerging hedge fund managers. The seven-year Xavex Fortune Note will be open for investment until the end of December 2003 and start investing in January next year. Four-fifths of the fund will be invested in five emerging managers selected by Fortune; the rest will go into Fortune's already established Market Wizards fund in order to provide a level of stability to the portfolio. The targeted returns are 8-10% over cash. The product features a minimu...
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