Tuesday, 22 July 2014
Last updated 3 hours 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.
Jul 8 2014 | 10:48am ET
The surge in derivatives regulation is among the most complex challenges facing the financial services industry today. Northern Trust’s Joshua Satten recently spoke with FINalternatives to share insights into the challenges presented by new regulation and explore how the industry is responding. Read more…