Asset Alliance gets in early with Eastern European fund of funds

Asset Alliance Corporation launched what may be the first fund of hedge funds (FoHF) dedicated to managers that invest in Central and Eastern Europe.

The multi-strategy fund-of-funds will initially invest in 15-20 managers across a variety of strategies. “It is exciting to be first to market in a region that has so much potential and offers so many attractive investment opportunities,” said James Parker, managing director of Asset Alliance International. At the request of investors, Asset Alliance International began researching the Eastern European hedge fund universe at the beginning of 2005 and has been monitoring 90% of relevant funds

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