Ari Bergmann's Penso Capital Markets is set to begin trading
a novel strategic hedging vehicle in January aimed at hedging
against - or making outright bets on - a global crisis.
Penso, which manages $150 million, principally fund-of-funds
assets, expects its new product to attract mostly multistrategy
hedge funds, funds of funds and family offices looking to
prepare their portfolios for a crisis affecting the global
financial markets in the coming 12 to 24 months.
Penso will offer the fund...