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By Benedicte Gravrand, Opalesque London: One should really look at the best FoHFs performers, not at the average performance, argues AXA IM’s head of FoHFs.
Christoph Manser, global head of AXA IM Fund of Hedge Funds (FoHFs), gave a talk on whether these funds had failed to deliver, at the GAIM conference in Geneva last week. His main message was: “the market is downbeat, but that is not necessarily warranted.”
Compare apples with apples
Manser said that it was possible make a fair assessment when comparing quartile performances. At the moment, people are comparing funds indiscriminately, “apple with oranges”. But investors...................... To view our full article Click here
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