Cominvest, the fund subsidiary of German bank Commerzbank, is reportedly launching two funds of hedge funds.

Both products are aimed at professional investors, such as small and medium-sized companies.

In selecting the individual hedge funds for the funds of hedge funds, Cominvest has co-operated with Swiss consultancy Harcourt.

The new FoHFs set up by Cominvest are authorised for public sale, and can be obtained only from branches of Commerzbank.