Billion Dollar Hedge Fund Shop To Unveil Intelligent Portfolio |
Date: Wednesday, June 25, 2008
Author: FINalternatives.com
New York-based Castlestone Management, a $1 billion multi-strategy hedge fund shop, is adding to its list of products. The firm next week is launching the Intelligent Portfolio, a multi-strategy fund of hedge funds that will invest in the firm’s own vehicles.
The new offering will focus on funds with exposure to fixed income, equities, property and commodities.
The fund can also invest in other external assets such as exchange-traded funds and mutual funds.
The minimum investment will be US$10,000, £10,000 €10,000, or the minimum of the investment platform through which the fund is sold.
Castlestone said the new fund was created in response to demand from investors for a balanced exposure to its funds.
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