Crédit Agricole?s Alternative Investment Products Group plans to launch a directional fund of hedge funds this year using a global macro and systematic trading strategy. The alternatives manager would also consider launching an equity futures single-strategy fund of funds, which would round out its single-strategy fund offering.
CA-AIPG was spun out of Crédit Agricole in 1992. Its flagship fund of hedge funds product is a global diversified fund of funds. Last year this fund returned 9% to investors, net of fees, with a correlation of less than 0.2
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