IIB offers hedgefund-linked bond

Irish investment bank IIB Bank and Chicago-based hedge fund asset manager Hedge Fund Research (HFR) Asset Management have launched a bond linked to hedge funds. The bond is targeted at Irish investors with a €10,000 minimum investment, for a six-year term, with no limit on potential returns.

The Pinnacle Performance Bond was structured by Lehman Brothers and is linked to two multi-strategy funds of funds managed by HFR. One of the funds is highly correlated to equity markets and the other is a

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