BNP Paribas note linked to Pantheon

BNP Paribas has launched a five-year structured note offer-ing leveraged exposure to Pantheon's fund of hedge funds.

Capital Management Advisors (CMA) will be the investment manager of the underlying portfolio and the firm plans to help develop other structured products linked to the Pantheon fund.

CMA is also planning a separate product, not linked to the Pantheon fund, which offers a fixed coupon, according to Marcos Camhis, head of CMA.

He added that attaching coupons or capital guarantees we