CSFB’s Hedge Fund Investments group (HFI)has launch five funds of hedge funds registered with the SEC.
The five fund strategies are multi-strategy, long/short equity, relative value, tactical trading and event-driven. There is a tax-exempt and a taxable feeder fund available for investment into each strategy.
The three-tier structure of the tax-exempt funds provides tax-exempt institutions with the opportunity to invest in a US entity without exposure to UBTI.
“The organization of our US menu reflects HFI’s sector-based approach to manager research,” says Jim Vos, head of HFI. “Research is led by specialized sector teams with market experience focusing on increasingly complex and dynamic trading and arbitrage strategies. Investors can access the top-down strategy allocation expertise of CSFB through the Multi-Strategy feeder funds or focus their investments in sector funds that complement their current asset allocation.”
“The hedge fund industry is becoming more transparent, and our decision to register these funds reflects this trend,” adds Bob Kulperger, HFI product specialist for the Americas. “Institutions and ultra-high net worth entities have expressed an appreciation for the added comfort provided by the transparency of regulatory reporting and the oversight of an independent board of managers.”
The CSFB Hedge Fund Investments group manages approximately $9 billion in assets with a team of 75. HFI is managed by Jim Vos, a 20-year veteran of CSFB, who started the group in 1998.