Bedrock Advisors, the Geneva-based wealth and asset manager, has launched Bedrock Brazil with $50 million of commitments.
The multi-strategy fund of hedge funds offers investors low cost access to leading Brazilian funds, some of which are closed to new investors. It will target returns of 10% to 15%, with no lock-up and a gate of 25% of the share class for any redemption date.
The fund of funds will be advised by Bedrock Advisors, working in partnership with JGP Wealth Management, a Brazilian asset and wealth manager. JGP will