ABN Amro Ups Hedge Fund Investments

Jun 19 2012 | 1:53pm ET

ABN Amro Private Banking is increasing its hedge fund allocations.

The bank’s Geneva-based chief investment officer, Didier Duret, told Bloomberg News that hedge funds are in “a stronger position to extract value and preserve capital than constrained long-only investments in bonds and equities.

“Global-macro hedge funds can better preserve capital and make money when financial markets ignore fundamentals and are more driven by macroeconomic and policy risks.”

The bank, which this week raised its allocation to hedge funds from neutral to overweight, manages $207 billion for its clients.

 


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Chicago-based independent futures brokerage and clearing firm R.J. O’Brien & Associates (RJO) has hired industry veteran Daniel Staniford as Executive Director, responsible for the firm’s institutional business development in New York and London.

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