ABN AMRO Releases Pair of Currency Investments
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.