Bank of Bermuda promotes multi-manager fund

BoB – the staff actually referred to one another as “Bobs” during the cocktails following the presentation – has on offer an existing $1 billion fund of fund managers, as opposed to a fund of funds. It launched in May 1999 as the “All Points Multi-Manager” fund but has only just received authorization from Hong Kong’s Securities and Futures Commission, hence this week’s formal unveiling.The 'fund of fund managers' concept is best known as a Frank Russell product in the United States a…