Commerzbank fund of funds

Commerzbank is set to launch an open-ended, Luxembourg-based fund of hedge funds, with fund selection handled by the bank's Alternative Investment Strategies group based in New York.

The launch follows the success of the group's two existing closed-ended products aimed at investors in Germany, which employ a certificate structure. Unlike the two products launched so far, Comas-1 and Comas-2, the new fund is intended to have a higher risk/return profile.

The Comas products, aimed at German

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