UK - Dexion Capital and ABN AMRO have teamed up to launch a new closed-end fund of hedge funds called Dexion Alpha Strategies.
The fund of hedge fund will be established by March this year to focus on areas of alternative investment where alpha is not yet widely extracted by hedge funds.
The company is expected to invest in hedge funds designed to exploit opportunities in developing asset classes and/or sectors including energy and emissions, commodities, emerging markets and senior secured loans.
Robin Bowie, CEO of Dexion Capital Group said: “A number of traditional hedge fund strategies have become increasingly crowded as result of strong asset flows over recent years, which has led to down pressure on returns. This new company aims to invest in both new and developing asset classes which can generate significant alpha for investors.”
It has been proposed that RMF Investment Management will act as the investment advisor. RMF currently has US$16.8bn AuM in funds of hedge funds.
By Daniel Flatt
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