| 04.12.2007 Opalesque Exclusive: Through swaps and a hedge FoF, Hong Kong Jockey Club constructs synthetical bond portfolio which could potentially deliver excess alpha over its traditional fixed income mandate |
| The Club recently extended the its use of hedge funds within its portfolio. This represents a vote of confidence for alternative assets as it plays an increasingly prominent role in portfolio construction. Through the use of a combination of swaps and fund of hedge funds, the Club synthetically constructed a bond portfolio that could potentially deliver excess alpha over its traditional fixed inc |