Wednesday, 27 August 2014
Last updated 48 min ago
Jun 4 2007 | 10:10am ET
This month, Erste Bank Alternative Investments added to its MAX suite of emerging markets funds of hedge funds with the launch of MAX Asia. The Caymans-based fund of funds was initially seeded with $35 million.
MAX Asia is a carve out of the firm’s global MAX Emerging Markets Alpha Fund, a global fund of funds launched last October. The new fund of funds “gives investors the opportunity to gain Asia dedicated exposure in a diversified, multiple asset class portfolio,” according to the firm. Guy Wengraf is the portfolio manager for MAX Asia.
MAX Asia charge a management fee of 1% and a performance fee of 10%. It has a one-year lock up period with 65 days redemption notice.
The launch of MAX Asia follows on then heels of the March launch of MAX Central and Eastern Europe Alpha, which focuses on Erste Bank's home market of Central and Eastern Europe.
Vienna-based Erste is headed by Christoph Kampitsch and manages $1.8 billion in hedge funds across 11 products.
Aug 25 2014 | 11:21am ET
As many of you know, FINalternatives was recently acquired by the owners of Futures magazine, a firm called The Alpha Pages LLC. Today marks the soft-launch of a new sister site for both publications. As its name suggests, The Alpha Pages will cover all types of alternative investments, going far beyond the more well-known ones such as hedge funds and private equity. Read more…
Commodities/Futures magazine launched at the precipice of a revolution in the futures industry—really a revolution in the idea of risk management—that would move it from a small niche industry to ...