Hedge Fund Reader : Mercantile Launches New Hedge Fund Investments

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July 11, 2006

Mercantile Launches New Hedge Fund Investments

The Baltimore-based Mercantile bank has created a new fund comprised of funds of hedge funds. Mercantile's new offerings are a relative-value fund of hedge funds. Fund managers are employing value strategy to evaluate potential investments. It will be done with the comparison between their current value and benchmarks. Mercantile is also planning to deploy two long/short equity fund-of-hedge-fund offerings, one of which will focus on global equity. The other will focus on small-cap investments. Funds of hedge funs are growing at a faster pace. Hedge funds have posted high returns in recent years. Now many small investors are looking for ways to benefit from hedging strategies.

According to Baltimore Business Journal -

The new Mercantile funds of hedge funds will be managed by Mercantile Capital Advisors, the bank's money-management subsidiary. Mercantile will use independent firms as sub-advisors to help select fund managers and allocate assets for its new fund-of-hedge fund offerings, officials said.

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July 11, 2006 in Emerging Markets | Permalink