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September 08, 2006
Oppenheim to Launch Internal Hedge Fund
Sal Oppenheim Jr. & Cie. has plans to invest 150 million euros with a Zurich-based hedge fund that will operate a long short global equities investment. The hedge fund is aiming to raise 300 million euros to 400 million euros in managed funds. Oppenheim's investment involves just over 1% of its overall 136 billion in assets under management. It is important to note that 6.3 billion euros of the total amount is managed by their Swiss subsidiary. The in-house hedge fund is part of a series of initiatives taken by Oppenheim's Swiss bank.
Read my previous post titled “Main Characteristics of Hedge Funds” to know more about hedge fund characteristics.
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Would you be willing to sell this blog? I am interested in buying it. Please reach me at [email protected] if you are interested.
- Richard
http://richard-wilson.blogspot.com
Posted by: Richard Wilson | Mar 19, 2008 1:32:36 PM
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