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Dec 11, 2023 16:53 EEST
December 11 (SeeNews) - Croatia's financial services regulator, Hanfa, said it has approved the launch of a hedge fund with a private offering and an investment sub-fund with a public offering for two local asset management companies.
Mathematica Capital Partners received approval from Hanfa to establish and operate Continium, an open-ended alternative investment fund operating as a multi-strategy hedge fund, according to a statement by Hanfa last week.
Additionally, Erste Asset Management was granted authorisation by Hanfa to establish and manage the open-ended investment sub-fund Erste Horizont 2026 USD. This sub-fund will be incorporated into Erste Asset Management's umbrella UCITS and aims to invest in U.S.-issued or guaranteed bonds and money market instruments. Targeting an average annual yield of 3%, it is set to mature on March 5, 2026.
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