UK - Alternative investment house Key Asset Management has launched a new hedge fund aimed at institutional investors and high net worth investors.
The Key Gamma Fund is a concentrated fund of funds investing with five undisclosed equity long/short managers. The minimum investment level is $100,000.
Key’s MD in the UK, Thomas Raber, said: “We have seen that there is a demand for hedge funds that offer the investor the potential for high returns while accepting a higher risk level.
“We feel that Key Gamma Fund fills this gap in the market while retaining the advantages of a fund of fund concept.”
For the year ended December 31, 2001 the estimated proforma results for Key Gamma Fund, were +33.18% whilst the MSCI World Index was down –16.52%.
Key Asset Management was founded in 1989 and now has operations in London, Oslo, Geneva, New York and the British Virgin Islands. The firm has in excess of $500m of assets under management in alternative investments.
By Madhu Kalia
Most respondents in this week's Pensions Buzz do not think businesses should be able suspend AE contributions if in financial distress.
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