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Portfolio > Alternative Investments > Hedge Funds

Germany Now Home to Latest MSCI Index Offering

By Staff Writer

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FRANKFURT, Germany (HedgeWorld.com)–HansaInvest was among the first to gain regulatory approval to offer hedge funds in Germany, and now officials have structured an index-based offering with Lyxor Asset Management, Paris.

The new fund, MSCI Hedge Invest Lyxor Tracker-HI Fund essentially will duplicate the performance of MSCI’s hedge fund index denominated in euro. After introducing one of the first funds of hedge funds in Germany, HansaInvest is lending its investment expertise to the Lyxor platform.

The offering is based on the Lyxor Managed Account Platform, which includes more than 150 hedge funds set up as managed accounts. The funds are incorporated in Jersey and managed by a group of managers monitored by Lyxor, a subsidiary of Soci?t? G?n?rale.

Designed to provide weekly liquidity without any lock-up provisions, the Tracker-HI fund has two distinct share classes for institutional and retail investors. Compliance responsibilities for the new fund will be in the hands of both Lyxor and HansaInvest.

BaFin, the German financial market regulator, approved the Tracker-HI Fund and its distribution by Soci?t? G?n?rale and distribution partners of its subsidiary Inora Life. HansaInvest, the investment group of Hamburg-based Signal Iduna, has more than 7 billion euro (US$9 billion) in assets under management in securities and real estate.

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