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RMB adds currency choices

RMB Multimanager has added euro and sterling share classes to its five funds of hedge funds.

The alternative strategy funds previously only had a dollar share class but investors will now be able to get their investment hedged back into their currency of domicile and avoid onward foreign currency risk.

The funds involved are RMB global spread capture, focused opportunities, North American alpha-plus, European equity alpha-plus and Asian equity alpha-plus. All are held in the RMB Multimanager Sicav umbrella.

Head of business development in London Jeremy Beswick says: “There are very few funds of hedge funds denominated in Sterling or euros, relative to the number denominated in dollars, and this development represents an exciting opportunity for our investors.”

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