Fund launches & closures

LGT latest to offer Chinese currency share class

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LGT Capital Partners has become the latest investment group to launch a Chinese renminbi share class for its fund of hedge funds. Investors will now have access to LGT Capital Partners’ flagship Crown Managed Futures fund while benefitting from the Chinese renminbi’s compelling macro position, its appreciation and continued market development.

Permal Group recently launched renminbi share classes for its two flagship funds, the $5.7 billion Permal Fixed Income Holdings and the $6.1 billion Permal Macro Holdings, while HSBC Alternative Investments has done the same for its $2.6 billion flagship HSBC GH Fund, launched in 1996. It is