Fund of hedge funds manager, SYZ Asset Management, has added two new investment strategies to its Altin fund through two more holdings, Money Marketing reports. The firm has established a 3.37% weighting in equity market neutral by holding the ZLP offshore utility fund and has added exposure to interest rates through a 3.76% holding in the Providence MBS offshore fund. The ZLP fund, which is a replacement for a previous holding in the Diamondback offshore fund, received redemption requests from investors following an investigation last year into insider dealing among U.S. hedge fund firms. Providence MBS offshore is a specialist fund that invests in mortgage-backed securities, which can have credit risk or interest rate risk. The Providence fund is exposed only to interest rate risk.
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