Société Générale Asset Management Alternative Investments and New York-based hedge fund shopAM Investment Partners have teamed up to launch a global volatility and convertible fund. The Boreal Fund, which is sub-advised by AM, will invest in convertibles, single-stock equity and index options as well as in over-the-counter derivatives in the U.S. and Europe.
The fund was launched last month with USD49 million in assets and is seeking to raise USD400-500 million. According to an official with AM Investment Partners, the firm plans to add an Asia investment component to the fund by mid-2006.
