American Express has launched its third fund of hedge funds aimed at risk-averse investors. The prod...
American Express has launched its third fund of hedge funds aimed at risk-averse investors. The product offering will be further expanded next year through the launch of a guaranteed note linked to the Global Market Neutral Moderate Fund of Funds Portfolio. The new fund is called the Global Market Neutral Conservative Fund of Funds portfolio and aims to earn 2%-6% per annum over the US dollar three-month treasury bill rate. Robert Friedman, head of global investment services at American Express Bank, expects strongest demand from conservative clients looking to enhance the yields they ...
To continue reading this article...
Join Professional Adviser for free
Signup and gain exclusive members-only insights
- Unlimited access to real-time news, industry insights and market intelligence
- Stay ahead of the curve with spotlights on emerging trends and technologies
- Receive breaking news stories straight to your inbox in the daily newsletters
- Make smart business decisions with the latest developments in regulation, investing retirement and protection
- Members-only access to the editor’s weekly Friday commentary
- Be the first to hear about our events and awards programmes
