Hedge funds offered as point of difference
KiwiSaver members will be offered the chance to invest in hedge funds by a new player in the market, Generate KiwiSaver.
Monday, February 25th 2013, 4:46PM
It registered its prospectus on Friday.
Generate KiwiSaver is run by Generate Investment Management, headed up by former Huljich Wealth Management investment manager Henry Tongue. Directors include Warren Couillault, formerly of Fisher Funds.
The scheme will invest in 10 to 15 fund managers globally,who are focussed on making money in up and down markets. Some would be hedge funds.
The scheme’s fees will be higher because of the cost of using other fund managers. The scheme will offer conservative, growth and focused growth options.
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