LJH Global Investments, the US hedge fund advisory firm, and Attica Asset Management
have announced the issuance of the Attica/LJH Conservative Hedge Index Certificate,
which will be issued by German private bank Sal. Oppenheim jr. & Cie. KGaA.
The new German certificate will be available to European institutional investors
and high net worth individuals and will be based on the Attica-LJH Conservative
Hedge Index, which consists of 16 hedge funds combining market neutral, equity
hedge, arbitrage and fixed income strategies. The minimum investment is $50,000.
The issue follows an agreement between LJH Global Investments and Attica last
March to form a joint venture to develop a fund of hedge funds product line.
The alliance aims to provide European institutional investors and high net worth
individuals with access to a tailored group of funds under the Attica-LJH umbrella.
"Investors are increasingly relying on hedge funds as core components
of a well-diversified portfolio. As the prospect of lower returns for equity
markets over the next few years limits investor options, broader-based fund
of hedge fund products are ideal for investors who seek exposure to hedge fund
investing,” said LJH President James R. Hedges, IV.
“This is a complementary relationship where LJH provides our robust hedge
fund manager selection process in combination with Attica’s hedge fund
skills and product range,” said LJH Global Investments-Europe Managing
Director Ronald M. Neumunz.
“LJH and Attica believe that combining our activities will create a unique
vehicle to meet the growing demands for new hedge fund products in the European
marketplace," said Attica Portfolio Management Chief Executive Officer
Robert van Maasdijk.
Attica Portfolio Management has offices in London, Amsterdam and Zurich to
serve predominately institutional investment clients. Attica has two divisions,
Attica Asset Management Limited, which focuses on Multi-Manager Long Only, and
Attica Portfolio Management Limited, which focuses on Manager Hedge Fund products.
LJH Global Investments, LLC was founded in 1992 by James R. Hedges, IV to
manage private assets, and has rapidly developed into a leading industry specialist
in hedge fund investment consulting and advisory services. LJH has advised numerous
private investors, financial institutions, and registered investment advisers
on the development of fund of hedge funds strategies.
LJH Global Investments Limited, a wholly owned subsidiary of LJH Global Investments,
LLC, opened last year in London to serve the European marketplace.