ABN Amro backs own hedge fund with $20m

ABN Amro Asset Management has bolstered its alternative investment capabilities with its first single-manager hedge fund to specialise in emerging market debt.

ABN Amro will put $20m of its own money into the fund. It currently runs $1.3bn (€1.1bn) in emerging market debt and $600m in funds of hedge funds, but has so far avoided the single manager market.

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