The Hedge Funds Weblog
FOHF Launches In Asia
3A SA, the hedge fund management division of Swiss banking group SYZ & CO, has launched six new sub-funds of its $1.3bn Luxembourg-domiciled umbrella fund SICAV, offering Asian and opportunistic fund of hedge fund strategies in US dollar, euro and Swiss franc versions.
The step is envisaged as a complement to an existing portfolio of hedge funds. The new funds are part of Alternative Capital Enhancement, an open-ended investment company (Sicav) structure that currently comprises 20 sub-funds representing various hedge fund strategies including multistrategy, arbitrage, long/short, macro and natural resources.
The surge in investment opportunities has prompted vigorous growth in the alternative investment industry in Asia, where some 1,200 hedge funds manage about $150bn in assets.
More at; HedgeCo.Net
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