Robeco Absolute Return Fund Of Hedge Funds Reaches 100 Million Euros

by Philip Morton, Investors Offshore.com

04 June 2003

Netherlands-based Robeco Alternative Investments revealed last week that its Robeco Absolute Return fund of hedge funds has been lifted to above 100 million euro (approximately $118 million) by capital appreciation and a 'significant inflow' of investment.

According to the asset management firm, based in Rotterdam, since its launch in June 2002 the euro-denominated fund of hedge funds has gained 5.3%, compared to the CSFB/Tremont Hedge Fund Index's 5.1% growth.

Robeco believes that the continuing positive performance of the fund will attract more interest from European pension funds and private banks, in addition to wealthy retail investors.

'So far, every investor in Robeco Absolute Return has made a positive return on his or her investment in the fund, and, with the exception of the outflow of initial seed capital, no investors have hade any of their investments redeemed,' the hedge fund group's chief, Bob Galesloot announced on Friday.

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