Products » Uni-Hedge Concentrated


In cooperation with Kirstein A/S, Dexia Bank Denmark introduced a bond listed on the Copenhagen Stock Exchange in July 2008. The return from the bond is derived from an underlying hedge fund, Uni-Hedge Concentrated Long / Short Equity Fund of Hedge Fund, which is offered and managed by the Swiss asset manager Unigestion.

The fund contains of four hedge funds that are selected by Unigestion in cooperation with Kirstein, which also serves as advisor to the product. The funds are primarily global-oriented and is composed so that they complement each other and thus represent a certain risk diversification.

The funds are:
  • PFM Meritage Offshore Fund Ltd
  • Viking Global Investors
  • Miura Global Fund Ltd. Cl. A
  • Meditor European Hedge Fund Ltd. Class B
    The selection of funds is based on careful analysis of operational, legal and investment conditions. The funds are included in Unigestion's universe of recommended funds and has been further analyzed by Kirstein quantitatively and qualitatively, particularly by on-site due diligence in order to select the very best for this purpose. The selected funds can be replaced if better opportunities arise, and there is a strong emphasis on continuous monitoring of both selected as potential funds.

    Most of the above funds are closed to new customers, but because of Unigestion's commitment, Danish investors enjoy the ability to invest through the fund of hedge funds, both directly and under the auspices of the Dexia Bank structured bond.

    The fund is open for subscription each month.

    Performance in the first quarter of 2012

    Dexia Fund of Hedge Funds realized in the first quarter of 2012 a positive return of 5.9% compared to a return of 10.4% for the MSCI World hedged to EUR, which is the fund's benchmark. The fund realized an absolute return of -4.5%.

 

  

To learn more about the hedge fund, please contact Nikolaj Eriksen on +45 33 18 99 58 or per email nikolaj.eriksen@kirsteinfinans.dk.