3A Launches Funds Of Hedge Funds

Jan 24 2008 | 12:37pm ET

3A SA, the hedge fund management division of Swiss banking group SYZ & CO, has launched two new funds of funds within the Alternative Capital Enhancement SICAV, 3A’s Luxembourg-based US$1.3 billion fund of hedge funds SICAV. The new sub funds are called ACE Asia Fund and ACE Opportunity Fund.

The ACE Asia Fund was established last June and received authorization for distribution in Switzerland at the end of last year. There are currently 23 underlying managers in the US$25 million fund. According to the firm, the alternative investment industry has grown strongly in Asia, where approximately 1,200 hedge funds manage approximately US$150 billion in assets.

“Investing in this region via hedge funds is all the more interesting as, promising though they may be in the long term, these markets remain particularly volatile,” said the firm. “For investors wishing to gain exposure to this region, the downward protection offered by alternative strategies with their absolute-performance objectives represents an undeniable advantage.”

The ACE Opportunity Fund, which was launched last month with US$20 million, is invested in 17 hedge funds representing various distinct strategies: macro, credit, long/short equity, long volatility and opportunistic managers.

Both new strategies are available in three currencies (U.S. dollars, euros and Swiss francs) as well as in three distinct share classes (A, B and C).


In Depth

JOBS Act Propels Real-Estate Crowdfunding Platform

Oct 21 2014 | 2:57am ET

If D.J. Paul were a real estate development, he would be described as “multi-use...

Lifestyle

MacDonald-Korth Offers Insights Into Paintings Bought, Sold By Hedgies

Oct 7 2014 | 9:00am ET

Definitive and complete ratings require an in-person examination of an artwork,...

Guest Contributor

PAAMCO: European Equity Exposure - Challenging Year, But All is Not Lost

Oct 16 2014 | 4:12am ET

European equity hedge fund managers have had a tough time so far this year. The...

 

Videos

Editor's Note

    Must Attend Hedge Fund Charity Events For October

    Sep 30 2014 | 9:29am ET

    The crisp Autumnal days of October are upon us, and so are a few of the hedge fund industry’s favorite charitable events. If you have never been to Rocktoberfest, well, you are missing out. And for a quieter evening of sipping and socializing, stop by HFC’s Wine Soiree. Read more…

 

Futures Magazine

October 2014 Cover

Deeply flawed risk benchmark

Most traders agree that proper risk management is the key to successful trading. However, many traders depend on the deeply flawed measure of standard deviation as a benchmark of risk. Here we put it ...

The Alpha Pages

TAP July/August 2014 Cover

The Alpha Pages Interview: Senator Rand Paul

Senator Paul sat down in the debut series of the Alpha Pages Interview to discuss the broken tax code, regulation surrounding Bitcoin, and his plans for the 2016 Presidential election.