Subscription date for Asian fund of hedge funds extended

Zurich Financial and Allen Perkins give investors another two months to buy the Javelin Asia Pacific Principal Protected Notes fund.

Sponsors of Asia's latest fund of hedge funds, ZCM Matched Funding Corporation, have extended the subscription deadline for the fund by two months as investors calm their jittery nerves following the US terrorist attacks.

The Javelin Asia Pacific Principal Protected Notes fund was due to be closed on 7 December but that date has been pushed out to mid-February 2002. The fund is sponsored by ZCM, a subsidiary of Zurich Financial, and Allen Perkins, the Hong Kong-based investment advisory firm. ZCM is doing the fund allocation and providing the guarantee for the Javelin fund, while Allen Perkins is working on fund selection and distribution to its client base of private banks and institutional...

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