They were plagued by issues like managing ‘unconstrained’ strategies in ‘constrained’ vehicles, wishful thinking and back-tested results, and an aggressive hot-dot sales culture
With ultra high net worth appetite expected to grow
Investor knowledge, sustainability concerns and appetite for yield identified as market drivers
Five-strong alternative funds Sicav range uses non-European managers and carries a performance fee
Responsible investments by hedge funds do not constrain their strategies, according to Aima report
European fund buyers are turning away from hedge funds amid concerns about developed market bond yields
The long/short equity hedge sector has lost about 6.6% over the last three years, according to FE Analytics
Paris based VIA AM has launched two hedged income equity Sicavs with Société Générale that use accounting technology to find companies to invest in and options to reduce risk.
JP Morgan Asset Management (JPM AM) will launch its first two European ETFs “imminently”. Both ETFs will be actively managed, and will compete with traditional hedge funds, the company said.
Demand for hedge funds is said to be in decline with investors because of their high fees, opaque nature and poor recent performance. But figures released by the European Fund & Asset Management Association (Efama) suggest that’s not the case in Europe.