Invesco guaranteed fund of hedge funds beats target

Its modest $27 million allows the industry to reverse retail net redemptions in authorized hedge funds.

For those people who believe that everything is relative, Invesco Asia has scored a massive success. Its 360 Strategic Guaranteed Segregated Portfolio - Hong Kong's first guaranteed fund of hedge funds - raised over $27 million from Hong Kong investors during the offer period which closed on May 30. Given the high costs of establishing retail hedge fund products and registering them with the Securities and Futures Commission, this is a modest amount. Certainly it pales in comparison to the...

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