Allianz bringing Peletier Fohf to market

Allianz Alternative Asset Management (AAAm) is offering a closed-ended fund of hedge funds branded P...

Allianz Alternative Asset Management (AAAm) is offering a closed-ended fund of hedge funds branded Peletier. Slated for a 15 July launch, the Guernsey-domiciled vehicle typically invests in 40-50 hedge funds across a range of underlying strategies and markets. Peletier will adopt the same investment objective and strategies as the existing Bahamas-listed £760m KGH Licorne fund, on which Allianz is also the investment adviser. Simon White, head of investment trusts at RCM, said the firm will offer 25 million shares at launch. White said: "Advisers are looking to increase exposure to ...