ABN AMRO Releases Pair of Currency Investments

May 21, 2004 (PLANSPONSOR.com) - ABN AMRO Asset Management has launched two new investment products managed by the firm's currency team.

The ABN AMRO Currency Fund is a hedge fund aimed at institutions, funds of hedge funds and family offices.The fund is open-ended and will invest with the objective of providing annual returns in the region of 12-15%, according to a news release.

ABN AMRO said the fund will trade between currency pairs in the most liquid and closely correlated currencies.   The minimum initial investment is listed at $10,000 with minimum additional investments of $5,000.  

The ABN AMRO FX Note 3 is intended for private investors, the higher net worth and discretionary managers.   The note is a 10-year product that aims to provide average net returns in the region of 9%-11% annually, while keeping volatility at approximately 12%.  Investors have until June 11, 2004 to invest in the closed-ended note.

Both products are managed by ABM AMRO’s currency team, led by Pierre Lequeux.