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.


In Depth

bfinance: Fees Falling Across Asset Classes, Yet Overall Investor Costs Still Climbing

May 16 2017 | 9:53pm ET

Despite unprecedented attention on fees, new research from investment consultancy...

Lifestyle

Aston Martin Returns To Debt Market As DB11 Drives Turnaround

Mar 31 2017 | 5:21pm ET

James Bond’s preferred carmaker is returning to the public debt markets for the...

Guest Contributor

Risk-Based Compliance: Why Oversight Of Outsourcing Is Critical

May 10 2017 | 7:02pm ET

Compliance is notoriously one of the trickiest middle office functions for funds...

 

From the current issue of