Commerzbank fund of funds

Commerzbank is set to launch an open-ended, Luxembourg-based fund of hedge funds, with fund selection handled by the bank's Alternative Investment Strategies group based in New York.The launch follows the success of the group's two existing closed-ended products aimed at investors in Germany, which employ a certificate structure. Unlike the two products launched so far, Comas-1 and Comas-2, the new fund is intended to have a higher risk/return profile.The Comas products, aimed at German inve