Crescendo European Fund, the hedge fund managed by Swiss asset managers Zurich Scudder Investments (ZSI) has posted total assets under management of over EUR200m.
Launched in September last year, the fund has performed with returns of 9.6% in euro terms and 10.7% in dollar terms since its inception, according to the firm.
ZSI added to its alternative investment range last month by launching a new long/short basis hedge fund, Crescendo UK, run by Paul Findley.
Darrell O’Dea, fund manager at ZSI said: “To have attracted EUR200m into the fund so quickly has been a great achievement for the team.
“The fund has established a good track record for consistency of performance since its launch and this has helped maintain the steady flow of monies into the fund.”
By Madhu Kalia
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