Swiss Firm Offers ‘Fund Of Funds Of Funds’ Vehicle

May 1 2009 | 12:01pm ET

Winterthur, Switzerland-based Naisscent Investment Management has launched a hedge fund to invest in funds of hedge funds.

The new offering, dubbed the Naisscent Fcube Fund, uses a quantitative strategy to invest in single and multi-strategy funds of funds.

The fund of funds of funds will primarily invest in a portfolio of 10 funds of funds and will also commit capital to single-strategy hedge funds, such as global macro or managed futures, in order to hedge out its portfolio, according to fund documents.

In order to be eligible to receive an investment from the new vehicle, underlying funds of funds must have a minimum of $100 million in assets under management, and underlying single managers must have $50 million. Both types of managers must also have at least a two-year track.

The Cayman Islands-domiciled fund charges a 1% management fee and a 10% incentive fee with a US$100,000 minimum investment requirement.

Naisscent Investment Management was founded in July 2008 by Luigi Amato, formerly of Horizon21 and Watson Wyatt AG.


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