Monday, 29 December 2014
Last updated 10 hours ago
Jul 5 2007 | 9:38am ET
ABN Amro has launched a series of products based on a sustainable-investment fund of hedge funds.
The structured products are based on what ABN calls the first long/short fund of funds meeting sustainable investing criteria.
Launched on Monday, the fund of funds—run by Braxton Glasgow at Rye Brook, N.Y.-based Kenmar Group—invests in some 35 managers. Launched with $26 million from its first investor, the Global Eco Fund hopes to reach $100 million by the end of the year and as much as $400 million by the end of 2008, Asian Investor reports.
The managers hired by the fund of funds—17 based in the U.S., 13 in Europe and 5 in Asia—focus on social and environmental issues, with half of the portfolio invested in socially-responsible equities and sustainable environment assets, with the rest in a variety of asset classes, including financials, commodities, water, biotech, energy and weather. The fund is targeting a 10% to 12% annual return.
Investors will be able to invest in the Global Eco Fund through a variety of structured products devised by the Dutch bank, including leveraged products, principal-protected vehicles and Basel II-compliant offerings.
Dec 1 2014 | 10:21am ET
As 2014 winds down, Northern Trust Hedge Fund Services executives took some time to share their outlook on trends facing the industry in 2015. Read more…
Jeff Sprecher was simply looking for a platform to trade energies when launching ICE 14 years ago but it has grown to reach the pinnacle of both the listed futures and equities world.