Commerzbank AG in Frankfurt has announced a partnership with PlusFunds Group Inc. to offer the New York company's hedge fund platform.
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The partners said Wednesday that they plan to offer investors access to a broad selection of hedge fund managers across a spectrum of strategies through various investment vehicles. Commerzbank said it would give clients access to each manager, or group of managers, across the nine hedge fund strategies offered by PlusFunds.
The PlusFunds managed account platform provides transparency features including daily independently valued portfolio holdings, portfolio risk monitoring based on security level data, and freedom from fee sharing arrangements.
PlusFunds has $3 billion of assets under management.
