CMA responds to funding crisis

Capital Management Advisors (CMA) has launched a 15-year capital guaranteed product linked to a fund of hedge funds.

The move is a response to the funding crisis across Europe and part of a trend, according to the firm.

Sabby Mionis, a partner of the Luxembourg-based group, said: 'The 15-year maturity is significant since it confirms the insurance sector's longer-term commitment to alternatives as an asset class.

'This trend is set to continue as insurers and pension funds, in the face of short-ter