HFR Asset Management and investment bank Dresdner Kleinwort Wasserstein (DrKW) have partnered up to launch an index tracker certificate linked to the hedge fund asset class for German retail investors.
DrKW is adding 7-year certificates which track the HFRX Global Hedge Fund Index to its Warrants and Securitized products range in Germany. The new HFRX Index Certificates will be available to private investors in Germany via Dresdner Bank’s extensive branch network. The minimum purchase is one Certificate; certificates are denominated at Euro 100 each.
DrKW recently launched a similar HFRX linked 3-year Tracker Certificate in the UK – the first certificate based on the hedge fund asset class for retail investors in the UK market. DrKW and HFR have also cooperated on a number of other structured products initiatives in Europe in the last 18 months.