Erste Bank Launches Asian Fund of Hedge Funds

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.


In Depth

GSAM's Papagiannis: Liquid Alternatives For The Long Run

Apr 21 2017 | 8:44pm ET

Interest in liquid alternatives cooled a bit last year amid a broad shift in investor...

Lifestyle

Aston Martin Returns To Debt Market As DB11 Drives Turnaround

Mar 31 2017 | 5:21pm ET

James Bond’s preferred carmaker is returning to the public debt markets for the...

Guest Contributor

Debunking Conventional Investment Wisdom (Part II)

Apr 17 2017 | 5:56pm ET

The alternative investment industry is currently replete with buzzwords around data...

 

From the current issue of