EUROPE - RMB MultiManagers and Vienna-based consultants Absolute Return Consulting Gmbh (ARC) are launching a new structured product for institutional investors in Austria and Germany.
The 7-year Euro-denominated Capital Protected Note, being arranged by Lehman Brothers (Europe), will be issued on April 15 and 100% principal protected at maturity and comes in the form of a zero-coupon bond.
The firms said the note was linked, through an index, to the RMBI Global Spread CaptureFund, RMB’s flagship market-neutral fund of hedge funds.
Jeremy Beswick (pictured), head of business development at RMB, said: “In contrast to previous structured notes that we manage on behalf of individual institutions, this note has been designed for a number of institutional investors, and in one specific region.
“With the combination of ARC’s knowledge of the institutional market in Austria and Germany, and Lehman Brothers’ expertise in structured products, we believe we have created and appropriate and attractive solution for ARC’s investors.”
Alexander Hoyos, chief executive officer at ARC, commented: “Institutional investors in Austria and Germany are typically looking for low risk, efficient ways to gain access to the performance of hedge funds. This note will allow them to do this.”
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