Thursday, 26 November 2015
Last updated 1 day 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.
Oct 21 2015 | 10:41am ET
One of the most unique charity benefits in the hedge fund industry, A Leg To Stand On's (ALTSO's) Hedge Fund Rocktoberfest - NYC, raised nearly $500,000 last Thursday thanks to the generous support of major sponsors and nearly 1,400 attendees from the Tri-State finance, business and hedge fund communities. Read more…