Active managers are under fire from all sides. Regulators in the Nordic countries are leading the attack on closet trackers, and cheaper ETFs are eating market share. Fund selectors are looking on this favourably, though the asset management example is not followed by the wholesale sector in every European country.
There are two types of absolute return funds, and there are only 40 alternative Ucits funds to pass the hedge fund test. As a matter of fact, absolute return funds are far from a straightforward concept.
People tend to dedicate most of their time to thinking through short-term solutions. While central banks saw QE as the easiest way to provide an imminent boost to their ailing economies, the current migration crisis is just as much a product of short-termist thinking.
In part two of this interview, Niclas Hiller talks about the implications of being based in Norway, with its heavy reliance on oil-related industries, and how he is reacting to recent oil price weakness.
Tjibbe Hoekstra looks at one of the most universal of investment measurements and asks fund selectors if it is time to drop our reliance on track record as a way of selecting funds.
Fund selectors attending Expert Investor Europe’s Alternative Ucits Congress in Versailles in October tell us what alternative strategies they are investing in now.
Niclas Hiller, chief investment officer of Formuesforvaltning in Norway, tells EIE’s Tjibbe Hoekstra how he is preparing for a sustained period of lower returns across all asset classes.
What’s the place of a fund’s track record in the fund selection process?