Friday, 27 November 2015
Last updated 1 day ago
May 14 2012 | 10:35am ET
Credit Suisse's asset management division has launched a hedge fund-like mutual fund, the Credit Suisse Liquid Alternative Fund.
Said Jordan Drachman, head of research for Credit Suisse Alternative Beta Strategies: "Hedge funds offer the potential to improve diversification and reduce correlation and portfolio volatility; however, investors needing access to capital are often constrained by hedge funds' illiquid nature, and the process for investing in offshore vehicles can be tax restrictive, lengthy and expensive.”
Drachman says the new fund, which offers daily liquidity, provides “a liquid alternative for accessing the risk and return characteristics of hedge funds without the structural impediments of limited partnerships."
The fund is offered in Class A and Class C shares, both with minimum initial investments of $2,500 (taxable accounts) or $500 (IRAs). The fund also offers Class I institutional shares.
Oct 21 2015 | 10:41am ET
One of the most unique charity benefits in the hedge fund industry, A Leg To Stand On's (ALTSO's) Hedge Fund Rocktoberfest - NYC, raised nearly $500,000 last Thursday thanks to the generous support of major sponsors and nearly 1,400 attendees from the Tri-State finance, business and hedge fund communities. Read more…