Penso crafts "global crisis" fund

Wed Dec 5, 2007

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 at...


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