Sat, May 30, 2015
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Alternative Market Briefing

Participants discuss what happened to funds of hedge funds in Geneva during the financial crisis

Thursday, December 20, 2012

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

Today's Exclusives Today's Other Voices More Exclusives
Previous Opalesque Exclusives                                  
More Other Voices
Previous Other Voices                                               
Access Alternative Market Briefing


  • Top Forwarded
  • Top Tracked
  • Top Searched
  1. Opalesque Exclusive: New TMT hedge fund adopts the long-term approach[more]

    Benedicte Gravrand, Opalesque Geneva for New Managers: Adam Parker founded Center Lake Capital LLC in New York in November 2014. Before that, he was portfolio manager at Point State Capital (the successor fund to Dr

  2. Regulatory - Hedge funds face tax as Iceland poised to end capital controls, Comment: Why alternatives need more transparency, not enforcement[more]

    Hedge funds face tax as Iceland poised to end capital controls From Bloomberg.com: Hedge funds and other investors who bought claims against Icelandís failed banks face a tax that targets the lendersí estates as the government prepares to unveil its plan for exiting capital controls in t

  3. Investing - Nelson Peltzís Trian Fund Management reduces position in Legg Mason, Biotech investors up big amid bubble talk, Hedge funds increase exposure in healthcare[more]

    Nelson Peltzís Trian Fund Management reduces position in Legg Mason From Octafinance.com: Trian Fund Management has filled a SC 13D/A form regarding Legg Mason, Inc. Per Nelson Peltzís Trian Fund Managementís filing, the filler reported decreased stake in the company by -11.05% to 11,03

  4. All hedge fund strategies rebounded last week as market conditions normalize[more]

    Komfie Manalo, Opalesque Asia: After a difficult start this month, all hedge fund strategies ended last week in positive territory, as the Lyxor Hedge Fund Index gained 0.9% (-0.2% MTD, 3.3% YTD). According to Lyxor AMís latest Weekly Briefing, in t

  5. Billionaire hedge fund investor Odey says April 'bloody', has cut risk[more]

    From Reuters/Yahoo.com: Billionaire hedge fund manager Crispin Odey has cut risk and leverage following a stunning 19.3 percent loss in his 3.1 billion euros (2 billion pounds) Odey European Inc fund in April, a letter to investors seen by Reuters showed. Describing the month as "bloody", Odey

 

banner