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Portfolio > Alternative Investments > Hedge Funds

LJH Partnerships Create Hedge Fund Index Certifica

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LONDON (–In two recent deals, LJH Global Investments continues to build upon its European hedge fund business.

Through separate partnerships with London-based Attica Asset Management and Bank Frick, a Liechtenstein-based private bank, LJH is managing assets for a hedge fund index certificate and a guaranteed note linked to the performance of a multi-strategy hedge fund of funds portfolio.

LJH originally partnered with Attica last March with the idea of bringing new funds of funds to a group of institutional investors investing in alternatives for the first time. Now the two firms have issued the Attica/LJH Conservative Hedge Index Certificate, which will be issued by German private bank Sal. Oppenheim jr. & Cie. KgaA.

The new German certificate will be available to European institutional investments and high-net-worth individuals as a tailored hedge fund of funds based with an investment minimum of US$50,000. It will be based on the Attica-LJH Conservative Hedge Fund index, which consists of 16 hedge funds combining market neutral, equity hedge, arbitrage and fixed-income styles.

At the same time, LJH has announced plans to partner with Bank Frick to offer an eight-year principal-protected Bank Frick Guaranteed Note linked to the performance of an LJH hedge fund of funds portfolio. Structured by Refco Structured and Alternative Investments, the issue will be sold through Bank Frick to investors in Switzerland and Liechtenstein. A capital-protected, euro-denominated bond, the Bank Frick Guaranteed Note will pay an annual coupon of 2% and will be listed on the Luxembourg Stock Exchange. The bonds will mature in 10 years.

After letting an employee go in its London office, LJH Global Investments LLC is continuing to build its hedge funds of funds business in Europe.

The firm opened its London office in 2001, hiring Ronald M. Neumunz from J.P. Morgan Chase to be in charge of the new initiative. (Previous HedgeWorld Story) The office was set up to cater to substantial families, high-net-worth individuals, money management firms and institutional investors throughout Europe, the Middle East and Africa.

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