Tuesday, 7 July 2015
Last updated 2 hours 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.
May 27 2015 | 2:15pm ET
Support Hedge Funds Care, also known as Help For Children (HFC), by participating in this year's raffle. All proceeds go to support HFC's mission of preventing and treating child abuse. Read more…