Refco Securities has rolled out a 10-year principal protected note linked to the S&P Hedge Fund Index and the Refco Advantage Multi Manager Fund - Future Series I. The note, which is guaranteed by Société Générale will, at maturity, provide a minimum of 105% of the initial investment, but will only be available to non-U.S. investors.
The Refco Diversified Alpha Notes will be broadly allocated to over 50 alternative funds, across 9 different strategies. Up to 50% of the annual positive performance will be locked-in to ensure investors with continuing positive returns. Monthly liquidity is offered throughout the life