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
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