Old Mutual Asset Managers (OMAM) has launched a bond that invests in hedge funds and offers investor...
Old Mutual Asset Managers (OMAM) has launched a bond that invests in hedge funds and offers investors a protection rate equivalent to 80% of its highest ever price. The Prosper 80 Bond has a targeted return of cash plus 4%pa after charges. It also offers a protected price of 80% of the highest ever fund price: every time the prices reaches a new high, the protected price rises. The capital growth will come from a fund invested in an actively managed combination of a diversified hedge fund portfolio and cash. Hedge funds are to be chosen by OMAM's multi strategy products team and will inc...
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