Forsyth Expands Alternative Strategies Series Offerings

CROYDON, England (HedgeWorld.com)–Forsyth Partners Ltd. launched two new versions of its Alternative Strategies Series I fund of funds, one providing 10-year capital protection and the other offering that same protection with a guaranteed income stream for at least half the term of the note.

The Forsyth Alternative Strategies Series I–Profit Protector Note offers 10-year capital protection plus 50% of the performance of the basket of hedge funds in which it invests, locked in semiannually, according to a statement from Forsyth Partners.

The Forsyth Alternative Strategies Series I–Income Generator Note offers 10-year capital protection; a guaranteed annual coupon of either 2% outright or 50% of basket performance, whichever is greater, for years one through five; and additional coupon for years six through 10 depending on certain conditions.

Both portfolios will use investments similar to those in the US$200 million Forsyth Alternative Income Fund, which invests in a number of hedge fund managers and strategies, including convertible arbitrage, fixed-income arbitrage, multi-strategy arbitrage, relative value and global macro, according to the statement.

The capital guarantee for the two Forsyth Alternative Strategies Series I funds will be provided by KBC Bank NV, Brussels, Belgium, via notes issued through KBC Financial Products International Ltd.