AIG Private Bank prepares hedge fund solution with weekly liquidity
Zurich-based AIG Private Bank is preparing to register a new fund of hedge funds in Luxemburg and Germany.
In order to avoid any negative tax impact for German clients, the new fund, named AIG Privat Bank MultiHedge, is set up to meet the German tax reporting requirements by investing in managed accounts offered by experienced hedge fund managers.
According to the Alternative Products Team of AIG Private Bank, the implemented investment approach offers weekly liquidity, high transparency and an easy and secured access to all major alternative investment strategies.
The fund aims to add value both with a bottom-up rigorous manager selection and with a top-down flexible style allocation.
Due to the high liquidity and the managed account structure (no lockups), AIG Privat Bank MultiHedge is able to adjust the style allocation to the current market expectations in a short period of time.
Furthermore, by investing in managed accounts, operational risk can be mitigated substantially. Taking all into consideration, the fund suits to investors who would like to benefit from the qualities of a diversified pool of alternative strategies but are preferring high liquidity, transparency and an active style allocation.
AIG Private Bank offers a broad range of alternative products including fund of hedge funds, private equity, commodity, real estate, and insurance-linked investments with assets under management exceeding USD 1 billon.
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