TORONTO (HedgeWorld.com)–National Life, a Canadian insurance company, recently introduced two hedge funds of funds designed for retail investors, describing them as a potential conduit for general investors to access hedge funds.
Canada has other retail hedge funds, but National Life’s Multi-Strategies funds come with a 75% principal guarantee as well as a low minimum investment, C$1000 (US$659).
The two funds under this umbrella have different managers. Montreal-based Norshield Financial Group is responsible for Multi-Strategies (Univest) fund. It promises to beat traditional investment returns while keeping risk below that of a typical Canadian bond index.
The other Multi-Strategies fund is run by Global Asset Management, part of UBS AG, and targets absolute returns with low volatility and long-term capital appreciation. These hedge vehicles are part of National Life’s segregated funds, meaning they are separate from insurance products.