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Portfolio > Alternative Investments

Robeco Declares Victory with Multi-Market Subscriptions

By Staff Writer

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ROTTERDAM (HedgeWorld.com)–Robeco Alternatives Investments, a division of Robeco Group NV, announced that subscriptions to its new multi-market bond issue have totaled EUR350 million, most of that coming from the low countries (Belgium, the Netherlands, Luxembourg) or Asia.

This success of this bond issuance has, accordingly, exceeded the mark set by the last, which was issued earlier this raise, and which raised EUR290 million.

In a statement, Robeco indicated that it is very happy with the results of both issues, which have underscored “the tremendous appetite in the market for so-called alternative investment products, or investment products whose returns show low correlation with that of the more traditional stock and bond markets.”

The structure of the multi-market bond, issued under a Rabobank medium-term note program, ensures a minimum redemption of 100% at maturity and an annual return of at least 1.2%. Its underlying investments include not only equities and bonds but also currencies, commodities, base and precious metals, agricultural and energy products, through the use of various financial instruments including futures and forward contracts.

The statement Wednesday also said that Robeco Alternative Investments expects to issue another multi-market bond early in 2004. Robeco’s products are part of a continuing trend, especially strong in Europe, toward the use of such structures to widen the investor base for alternative investing Previous HedgeWorld Story.

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