QIC, an institutional investment manager, has secured commitments of $200 million from its smaller customers for its Alternative Beta Fund, Investor Daily reports. Out of this $200 million, $150 million has been invested in alternative assets since the fund’s roll-out last year.
The vehicle was set up following demand from clients who were seeking investments that had little linkage with equities. The fund should be considered an illiquid investment, according to James Dick, QIC strategy head of alternative investments.
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