AMSTERDAM - ING Group's alternative asset management unit has launched two new hedge funds aimed at institutional and individual investors in Asia, Europe, and Latin America.

The two funds, available since Monday, are the offshore equivalents of two hedge funds launched last year by ING Furman Selz Asset Management, a New York unit of the Dutch banking and insurance company.

The first of the new funds, the Windridge Partners International Fund, focuses on real estate securities, and requires a minimum investment of $500,000. It is modeled after the Windridge Partners LP fund in the United States, which has $30 million in assets under management.

The second, Anvers Healthcare Investors International, focuses on the health-care industry and has a $250,000 minimum investment requirement. It is similar to ING's Anvers Healthcare Investors LP fund, which manages $45 million of assets in the United States.

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