Swiss fund of hedge funds Infiniti Capital has launched the eight-year capital-protected Capital Foundation Note linked to the manager’s Capital Proprietary Matrix 10 portfolio.
The portfolio, which has a target return of between 15% and 20% per annum, is a dynamically-managed unleveraged allocation to over150 individual managers, including a significant allocation to emerging managers.
The note, which is issued by Barclays, includes an optional 3% coupon, distributed from performance, and also includes a look-back facility: at maturity investors receive at least 80% of the note’s highest ever value.
“We are excited about this addition to our product range,” said Infiniti Capital’s chief executive Anric Blatt. “Distribution partners in Asia, Europe and the Middle East have already told us this is one of the best structured products they have seen.”
The note is marketed internationally, excluding US investors. Minimum investment is $100,000. There is no management fee on the underlying portfolio; all product charges are implicit.
Infiniti plans a publicly-offered product early next year.
