Offshore fund analyst and fund of fund manager Forsyth Partners has launched two 10-year capital pr...
Offshore fund analyst and fund of fund manager Forsyth Partners has launched two 10-year capital protected products linked to a basket of hedge funds.
These are the first two of a series of guaranteed notes the company plans to offer over the coming year.
The Profit Protector Note has a 130% allocation to alternative strategies. The investor gets 50% of the performance of the underlying funds. Any upside is locked in every six months.
The Income Generator Note is almost identical except that it only has 100% allocation. In exchange for this, the investor gets a minimum return of 2% a year for the first five years of the contract.
Both products guarantee a minimum return of 100% of invested capital at the end of the ten-year period.
The underlying investments are also the same: a collection of hedge funds that are in effect a mirror of the Forsyth Alternative Income Fund, which has total assets of more than $200m and has delivered a total return of 13.9% in its first 12 months
All guarantees in the Forsyth Alternative Strategies Series I Notes are backed by KBC Bank and issued by KBC Financial Products International, a capital guarantee specialist.
The underlying hedge fund portfolio will have a mix of highly diversified fixed income hedge fund strategies and managers. The portfolio will try make absolute returns using a mix of investment strategies including convertible arbitrage, fixed income arbitrage, multi strategy arbitrage, relative value and global macro.
Alzheimer’s is the most common cause of dementia
Total of 72 accredited firms
23% fall since Q1
Achievements, charity work and other happy snippets
Including advice firm Chadkirk WM