Two Dublin-based hedge fund products offered by Graf von Bismarck & Associates AG are now fully transparent for German tax purposes.
The Euro-denominated funds meet the requirements of the new German investment law (Investmentmodernisierungsgesetz) and fulfil all prerequisites for investments by German institutional investors or qualified private investors.
The S&P Hedge Fund Index Portfolio (Ireland) tracks the S&P Hedge Fund Index, which constitutes nine individual, equally weighted hedge fund strategies. The S&P Hedge Fund Index Taktik Portfolio (Ireland) meanwhile, combines the nine individual strategies in a dynamically managed allocation with the goal of improving the risk/return profile.
A macro-based style allocation model (Tactical Style Selection), developed by London-based fund advisor CrossBorder Capital, provides the quantitative basis for the strategy allocation. Allocations are adjusted quarterly.
The funds are part of SphinX, the managed account platform of the PlusFunds Group, New York. Currently, managed assets of the entire SPhinX hedge fund program amount to USD 2.9 billion.
Munich-based Graf von Bismarck & Associates AG is an independent financial services provider founded in 1997. It specializes in structuring and distribution of alternative asset classes for institutional investors. The company is associated with select international asset managers and offers investment solutions in the categories Hedge Funds, High Yield and Emerging Market Debt Programs, Quantitative Equity Management-Programs, Leveraged Loan Portfolios and Private Equity. The company is supervised by BaFin, the German regulator.