Friday, 30 January 2015
Last updated 1 hour ago
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.
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…