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DrKW launches hedge fund himalaya structured product

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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

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