News in Brief - 1

- Capital Management Advisors has launched its fourth structured product based on a fund of hedge fund structure. Its E50m five-year capital guaranteed note, listed on the Luxembourg stock exchange has its returns linked to the CMA Global Balanced fund of hedge funds. CMA has already launched two five-year notes worth E100m, issued by Société Générale, and one E135m note of the same duration, issued by HSBC.

- Global Asset Management is to close four classes of its long/short European

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