Invesco Offers Multi-Strat, European Hedge Funds

Oct 31 2008 | 7:44pm ET

Invesco Asset Management has added a pair of hedge funds to its portfolio of alternative and traditional offerings.

The firm launched the European Absolute Return Fund in March to invest in global equities, bonds, foreign exchange and commodity index futures. It said the fund can hold net long or short positions of up to 200% through the use of derivatives.

The fund is the latest addition to Invesco’s portfolio, which also boasts a $100 million multi-strategy offering made available to investors in Asia, Europe and the U.S. earlier this month. The strategy debuted in Australia in 2006 and uses three broad investment disciplines: U.S. market-neutral equity, European market-neutral equity and global tactical asset allocation. It is managed by the Invesco Multiple Asset Strategies team based in Atlanta.

“We designed multi-strategy to offer greater transparency and liquidity, and a more attractive pricing structure than traditional investments in hedge fund of funds,” said Scott Wolle, head of Invesco Multiple Asset Strategies. “We plan on continuing to add absolute return-oriented strategies that will complement, and further diversify the overall structure.”

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