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By Beverly Chandler, Opalesque London:
Participants in the Opalesque 2012 Geneva Roundtable, sponsored by Eurex, IDS and Taussig Capital, reflected on what has happened to funds of hedge funds in Geneva since the impact of the financial crisis.
Juan Martini, Senior Vice President, Institutional Investor Relations, Eurex, said: "Before the 2008 crisis, Swiss institutions usually went through hedge fund of funds to
perform alternative investments which encompassed all outsourced non-traditional investments. After
the crisis, more single hedge funds with flagship funds emerged here around the lake of Geneva,
reflecting the fact that there was a shift from fund of hedge funds to single hedge funds".
"Swiss private banks' interest for hedge funds has certainly gone down since
the 2008 crisis" agreed Charles-Henry Monchau, Head of Portfolio Management, EFG Asset Management. "With one out of five financial institutions in Geneva having some exposure to
Madoff, it is no surprise to see some reluctance by private clients to get exposure again into hedge
funds." Other problems for investors, particularly private clients, included being hit by fund of funds gating, lengthening their redemption peri...................... To view our full article Click here
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