Noble Investments is introducing a new hedge fund to Asia's high-net worth individuals. The Opal Plus EMTN Euro medium-term note fund is an alternative structured product with two tranches denominted in US dollars and euros.
The multi-manager fund has a capital guarantee provided by AAA-rated French asset manager CDC IXIS Capital Markets which Patrick Aregger, managing director of Noble Investments, says appeals to local investors who are nursing wounds from the global stockmarket downturn of the past 18 months.
Investors like the protection provided by the guarantee, says Aregger, who is distributing the fund through private banks.
He says the guarantee also helps investors to overcome their concerns with investing in hedge funds. There...