Standard Chartered has launched its seventh sub-fund under its variable capital company structure, partnering with Seviora Capital, a subsidiary of Temasek-owned Seviora Group. The fund, named Signature Select Seviora Titans Absolute Return (STAR), provides access to a curated portfolio of premier hedge fund managers typically difficult for individual investors to reach.
The STAR fund is available initially to high-net-worth private banking clients in Singapore, Hong Kong, and Jersey, with expansion planned. Key benefits include broad diversification across multiple hedge fund managers, access to funds typically closed to individual accredited investors, and lower minimum investment requirements compared to direct allocations.
Seviora Group manages approximately $63 billion in assets under management. The launch continues Standard Chartered’s strategy of building out its VCC platform with institutional-quality alternative investment products for its wealth management clients.