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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- Richard

Posted by: Richard Wilson | Mar 19, 2008 1:32:36 PM

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