FundPartners is considering developing structured products on funds of hedge funds after winning a mandate to manage a hedge fund portfolio for a Dutch pension fund. The asset manager has had its eye on developing guaranteed products on hedge funds for some time (DW, 1/28/02), but the EUR100 million mandate from Stichting Pensioenfonds TNO should give the group a leg up on this goal as it could lead to more institutional money, said Jurcell Virginia, head of alternative investments at FundPartners in Laren, the Netherlands.
The manager would look at developing guaranteed hedge funds and other instruments, which allow investors to gain exposure through leverage or offer increased liquidity.
The manager is currently in the process of sending out requests for proposals to hedge fund managers. In addition to funds that it selects for the strategy, it will also monitor a small group of hedge funds, which it could also work with to develop structured products.
