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.

 


Lifestyle

Survey: Wall Street Banks Still Top Silicon Valley, Hedge Funds for Freshly-Minted MBAs

Jun 21 2016 | 9:01pm ET

Contrary to concerns that Wall Street isn't as appealing to new graduates as it...

Guest Contributor

The Future of the Blockchain in Financial Services Communications

Jun 17 2016 | 1:05pm ET

Over the past year, a large portion of the financial services industry has awakened...