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: Neil Azous Talks Global Macro Investing

Nov 24 2014 | 12:41pm ET

Neil Azous is the founder and managing member of Rareview Macro, an advisory firm...

Lifestyle

Cohen Buys $101 Million Sculpture

Nov 12 2014 | 9:17am ET

Steven Cohen was the sole bidder for a rare Alberto Giacometti sculpture at Sotheby...

Guest Contributor

Why The Big Money Is Going To Europe

Nov 14 2014 | 6:03am ET

Peer-to-peer lending was invented with the individual investor in mind. But despite...

 

Sponsored Content

    For Hedge Funds, Mastering Data Is Key To Success

    Nov 4 2014 | 9:45am ET

    Data management is important to every business, but for hedge funds, it is critical. FINalternatives recently asked Peter Sanchez, CEO of Northern Trust Hedge Fund Services, how fund managers can deal with the demands of managing data while at the same time remain transparent and abide by operational best practices. Read more…

Editor's Note

    Guidelines for Guest Articles

    Oct 22 2014 | 9:46am ET

    We are always looking for guest articles from hedge fund managers and buy-side firms.

    If you are interested in submitting a contributed piece for possible publication on FINalternatives, please take a look at the specs. Read more…

 

Futures Magazine

November 2014 Cover

Building a better market

Reg NMS created a huge bifurcation in equity markets and while much of what has followed has been positive, in terms of lower fees and greater liquidity, many traders would like to see the market come...

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.