Commerzbank targets Germany with second multi-manager certificate

Commerzbank Securities is set to launch the second in its series of multi-manager hedge fund products, aimed at German investors. It will have a set subscription period, closing on 15 December.

COMAS-1, launched in early 2000 and issued as a certificate, was the first product to offer German investors a hedge fund-related multi-manager product.

COMAS-II will continue the same "absolute return" strategy as its predecessor but will in addition offer a currency hedge feature to minimise the effe