Monday, 20 October 2014
Last updated 11 min ago
Jun 20 2012 | 11:40am ET
ABN Amro is pouring more of its clients' money into hedge funds as it seeks to profit from high market volatility.
The firm's private banking business has increased its hedge fund allocation from neutral to overweight, Bloomberg News reports. ABN manages some €164 billion (US$207 million) on behalf of clients.
"Hedge funds are in a stronger position to extract value and preserve capital than constrained 'long-only' investments in bonds and equities," Didier Duret, ABN Amro Private Banking's chief investment officer, told Bloomberg. "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."
ABN remains neutral on stocks.
Sep 22 2014 | 4:15pm ET
"I tell people that everybody likes good news and so if you have good performance that’s wonderful,” explains Mike McKitish of Peddie School's endowment, “but it’s the people that want to talk about the bad news or where they drifted and how they came back and how they stayed to their discipline…” that he wants to hear from. Read more…
Sep 30 2014 | 9:29am ET
The crisp Autumnal days of October are upon us, and so are a few of the hedge fund industry’s favorite charitable events. If you have never been to Rocktoberfest, well, you are missing out. And for a quieter evening of sipping and socializing, stop by HFC’s Wine Soiree. Read more…
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