Swiss based RMF Investment Group has launched a new hedge fund product for institutional investors, asset managers and pension funds, according to head of marketing and sales Markus Schellenberg.
The new product will focus on five investment styles of management; equity hedge (long/short), relative value, event driven, global macro and commodity trading advisors (CTAs). Schellenberg declined to name the four managers which will be in charge of managing each style.
A total of 20 managers will work on the new product which has acquired US$50m since its launch. The new hedge fund product is expected to raise about US$50m to US$200m in the next two months.
In addition to the new product, the firm has 31 standard hedge fund products and over 7 specialist purpose hedge fund products managed by a team of 85 to 100 specialists.
RMF is also expected to launch a new service which will allow investors to buy and sell shares on a daily basis.
The launch date for this new service has yet to be decided.
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