Advies set to expand range

Belgian-based distributor Advies is expanding its range of with the launch of a guaranteed fund of hedge funds.

The Advies Alternatives Fund expects to offer a guaranteed return of 110% at maturity after five years combined with 70% participation in the profits of the fund.

A five-year note will be issued by a Aa-rated bank while the guarantee will be backed by a Aaa-rated major institution, according to Tony Traill, technical and compliance partner at Advies.

The fund, which will be denominated in