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Coutts Launches Guaranteed Hedge Fund of Funds

Coutts, the private bank owned by The Royal Bank of Scotland, today announced that it is to offer clients the opportunity to invest in a new principal protected hedge fund of funds. Coutts is aiming to raise at least 100

HSBC Asset Management Plans Hedge Fund Expansion

HSBC Asset Management is planning a major expansion of its presence in the hedge fund business, according to a report in the Financial Times today. In an interview with the newspaper, HSBC Asset Management CEO Alain Dromer explained that HSBC

Hedge Fund Investors Cautious Says Tremont

Investors added a net $5.6 billion in assets to hedge funds in the first quarter of 2002, ending the record pace of growth achieved in 2001, according to research compiled by Tremont's TASS ResearchTM. In its quarterly analysis of industry

Carlyle to Distribute Funds Via Coutts

Washington based hedge fund manager Carlyle Group has agreed to distribute private equity funds through the British private banking group, Coutts & Co. The bank, owned by Royal Bank of Scotland since it acquired NatWest, manages money for wealthy individuals.

Man Has Brilliant Year

Man Group reported today that annual pre tax profits were up 19 per cent to 213.2 million. The company also reported that funds under management at 31 March were up 60 per cent to $10.7 billion. It says the last

Man Acquires RMF for $833 Million

Man today announced the proposed acquisition of RMF for $833 million in cash and shares. RMF is a provider of alternative investment products in Europe, with funds under management of $8.5 billion. It focuses on the institutional market, providing tailored

CSFB Prices Securitised Hedge Fund of Funds

Credit Suisse First Boston today priced the $250 million Diversified Strategies CFO S.A., the first securitisation of a fund of hedge funds. The transaction is structured as a market value collateralized fund obligation (CFO) managed by Investcorp, a Bahrain based

Roes Joins Fortis Fund Services

Fortis Fund Services has announced that Stephan Roes has joined the firm as a senior business consultant. Roes, who is 37, has dual Dutch and the Australian nationality. He previously worked as an account manager for Citco in Curacao and

Odey Asset Management Wins Five Year Race

CF Odey European Trust, the Europe ex UK unit trust, is the best performing fund over five years. The five year track record confirms the fund's ranking as number one in the S & P Micropal fund universe with a