BoB the staff actually referred to one another as Bobs during the cocktails following the presentation has on offer an existing $1 billion fund of fund managers, as opposed to a fund of funds. It launched in May 1999 as the All Points Multi-Manager fund but has only just received authorization from Hong Kongs Securities and Futures Commission, hence this weeks formal unveiling.
The 'fund of fund managers' concept is best known as a Frank Russell product in the United States and Japan, and is new to the rest of Asia. Wayne Chapman, Bermuda-based senior vice president of investment services, says BoB is possibly the first, or is certainly...
