Prestige Unveils Malta-Based Fund Of Funds

Aug 23 2011 | 11:55am ET

London-based Prestige Asset Management has launched its first Malta-domiciled hedge fund and has opened an office on the Mediterranean island.

Prestige's multi-manager Equity Options fund debuted on June 1, reports. The fund includes three managers, all of whom "use a combination of both long and short volatility trading strategies and much of the trading is short and medium term in nature."

The fund is among the lowest-risk vehicles offered by the firm, it said.

"It operates a portfolio mandate that does not need the market to trend, and can benefit enormously from lack of direction but continuously attempting to manage and diversify risk which hopefully allows us to sleep at night," Prestige said.

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