Allianz to launch Peletier fund of hedge funds

Domiciled in Guernsey, Peletier will be a multi-strategy, diversified fund of hedge funds which will aim to deliver absolute returns coupled with low volatility. It will typically invest in 40-50 hedge funds. The placing and offer for subscription, are likely to open on or around 4 July and close approximately 15 July. RCM, the specialist equity manager within the Allianz group, will manage the fund. Allianz Alternative Asset Management will advise the new fund and subscribe to £25m of Peletier shares. Jean-François Vert heads up the Allianz Alternative Asset Management team, which so...