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

Q&A: Brevan Howard’s Charlotte Valeur Talks Strategy

Sep 18 2014 | 11:18am ET

Charlotte Valeur chairs the board of Brevan Howard Credit Catalysts, an LSE listed...

Lifestyle

Griffin Donates $1M To Rauner's Illinois Gov. Campaign

Sep 22 2014 | 9:29am ET

Hedge fund billionaire Kenneth Griffin definitely has a dog in this race. The Citadel...

Guest Contributor

Top 5 Predicted Outcomes Of CalPERS' Hedge Fund Divestment

Sep 22 2014 | 8:35am ET

CalPERS’ announcement to divest of hedge funds has created a significant buzz...

 

Editor's Note

    Get A Sneak Peak Of The Alpha Pages

    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…

 

Futures Magazine

September 2014 Cover

The London Whale: Rogue risk management

Credit default swaps brought down the London Whale and cost JPMorgan $6.2 billion. Here is how it happened.

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.