Monday, 24 October 2016
Last updated 2 days ago
Apr 9 2008 | 9:49am ET
Geneva-based asset manager NARA Capital has teamed up with Massena Advisors to market its flagship fund of hedge funds to German speaking markets.
The new vehicle, the Vermont Asset Finance Fund, is a specialized fund of hedge funds that invests in strategies such as factoring, purchase order finance, trade finance and collateralized corporate lending.
The fund launched last November and is up about 3.6% month-to-date. It is being marketed to clients in Switzerland, Germany, Austria and Liechtenstein.
“The events of the last six months were a ‘proof of concept’ that clearly underlines the product’s true de-correlation potential and steadiness of performance,” said Daniel Ghirardi, a managing partner at Massena. “This is the reason why we have decided not only to distribute their product, but also to invest a significant amount of our internal client’s assets into the fund.”
Nara Capital was founded in 2007 by Dominique Grandchamp and Louis Zanolin, both of whom previously worked for Peak Partners.