Private Bank Pictet Eyes ‘Brand’ Hedge Funds

Mar 5 2010 | 3:10pm ET

Swiss private bank Pictet & Cie. aims to double its assets under management over the next five years, and is looking to “brand”-name funds to help.

The Geneva-based firm, which last month hired hedge fund Jabre Capital Partners to manage a convertible-bond fund, hopes to increase Pictet Funds’ assets by 15% per year. That division, which currently has US$4 billion in funds of hedge funds and another US$1 billion in single-manager funds, currently manages about US$93 billion.

At least some of that new money is likely to find its way to some of the most prominent hedge fund managers out there, like Jabre, headed by former GLG Partners star trader Philippe Jabre.

“Some were burned, but if you look at those who survived and why, there’s still potential,” Pictet CEO Laurent Ramsey told Bloomberg News. “Now is a good time to invest in the brand names because they fared pretty well.”


In Depth

Q&A: Jeff Eaton Talks Capital Raising, CalPERS And The Secondaries Market

Oct 14 2014 | 10:16am ET

Global placement agent Eaton Partners has raised close to $60 billion for some of...

Lifestyle

MacDonald-Korth Offers Insights Into Paintings Bought, Sold By Hedgies

Oct 7 2014 | 9:00am ET

Definitive and complete ratings require an in-person examination of an artwork,...

Guest Contributor

PAAMCO: European Equity Exposure - Challenging Year, But All is Not Lost

Oct 16 2014 | 4:12am ET

European equity hedge fund managers have had a tough time so far this year. The...

 

Videos

Editor's Note

    Must Attend Hedge Fund Charity Events For October

    Sep 30 2014 | 9:29am ET

    The crisp Autumnal days of October are upon us, and so are a few of the hedge fund industry’s favorite charitable events. If you have never been to Rocktoberfest, well, you are missing out. And for a quieter evening of sipping and socializing, stop by HFC’s Wine Soiree. Read more…

 

Futures Magazine

October 2014 Cover

Deeply flawed risk benchmark

Most traders agree that proper risk management is the key to successful trading. However, many traders depend on the deeply flawed measure of standard deviation as a benchmark of risk. Here we put it ...

The Alpha Pages

TAP July/August 2014 Cover

The Alpha Pages Interview: Senator Rand Paul

Senator Paul sat down in the debut series of the Alpha Pages Interview to discuss the broken tax code, regulation surrounding Bitcoin, and his plans for the 2016 Presidential election.