Russell Relaunches Funds Of Funds

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.


In Depth

Israeli Hedge Fund Harnesses Big Data

Jul 28 2014 | 8:10am ET

Apica Green is a multi-million dollar Israeli hedge fund that is based in Tel Aviv...

Lifestyle

David Yarrow On Growing His Hedge Fund And Shooting The Animals And People Of Africa - As A Photographer

Jul 23 2014 | 6:44am ET

While he’s always been a photographer, recent expeditions to Iceland, Ethiopia...

Guest Contributor

Why Is The Shipping Industry Underwater?

Jul 31 2014 | 7:31am ET

Anyone who’s taken a look at the global shipping industry recently probably knows...

 

Publisher's Note