M&A Bank provides asset management services to private clients. In the past the firm's clients invest through managed futures, CTAs, multi-strategy, and arbitrage funds that are managed externally.� All funds are legally advised in Austria. M&A also brands a commodities and managed futures fund which is managed externally.Currently the bank's private customers do not have an apetite for hedge fund or fund of hedge fund investments. The firm hopes that this will change later this year.