Amex launches third fund of hedge funds

American Express Bank (AEB) has launched its third fund of hedge funds, which it is positioning as a cash enhancement product.

The Global Market Neutral Conservative Fund of Funds Portfolio is aiming for conservative returns of adding 2% to 6% per annum over the US dollar three-month treasury bill rate.

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JPMorgan to Pay $330 Million Over 1MDB TransactionsExternal link

JPMorgan to Pay $330 Million Over 1MDB Transactions