DrKW launches hedge fund himalaya structured product



HFR Asset Management and Dresdner Kleinwort Wasserstein (DrKW) have announced US dollar and euros classes of what they believe is the first ‘himalaya’ structured product on a hedge fund index universe.

A himalaya is a type of growth product that is usually linked to a basket of shares or, as in this case, sector indices. The return is calculated as the average of the performances of the best share or index in each specified period during the term of the product. Once a share or index has been

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