UK - Global Investment Advisors (GIA), a London based investment management company specialising in alternative investment products, has launched a multi-strategy tracker fund of hedge funds in the UK.
The GAIM Hedge Fund (GAIM), has a passive investment strategy, where assets are invested in up to 20 hedge funds, allocated to the five largest funds by asset size (in the CSFB-Tremont Hedge Fund Index) in four main strategies – macro, market neutral, long short equity and event driven.
The minimum investment into the fund is $10,000 or EUR10,000. The fund is also available in another share class (Class B) where the minimum investment level is $100,000 or EUR100,000 and is listed on the Dublin Stock Exchange.
GIA is also marketing capital protected notes guaranteed by Lehman Brothers linked to the performance of GAIM. The notes will offer the investor access to the hedge fund industry via GAIM, with 100% capital protection at maturity and the opportunity of leveraged performance provided by Lehman Brothers.
Commenting on the launch of GAIM, global head of sales and marketing, Xavier Vilar said: “The GAIM product makes the hedge fund investment opportunity accessible to a broader range of investors through its low minimum investment, while providing an innovative investment strategy, spreading risk across a diverse range of hedge fund strategies and reducing volatility. We have received a high level of interest to date which would suggest there is a real demand for this type of product”.
By Janet Du Chenne
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