Thursday, 29 January 2015
Last updated 4 hours ago
Sep 26 2011 | 1:47pm ET
Russell Investments is back in the fund of hedge funds business.
The Seattle-based firm's hedge fund solutions business will offer funds of funds, managing director of alternative strategies Egidio Robertiello told Financial News. The group will also offer customized solutions and hedge fund advisory, which it expects to be its bread-and-butter.
"Investors in hedge funds have to recognize that there are significant non-market risks in hedge fund investing—the business, operational and fraud risks," Robertiello told FN. "Over half of hedge fund failures are a result of these, not market risk."
Robertiello joined Russell from Credit Suisse last year, so he wasn't around when the firm pulled the plug on its funds of funds three years ago. Those funds once managed as much as $6.8 billion.
Jan 23 2015 | 1:00pm ET
In our new section, FINtech Focus, we will profile one of these firms each week. While fintech is a broad category, we will be focusing on firms that specifically cater to the alternative investment industry. Read more…