Thu, Nov 26, 2015
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Industry Updates

Swiss funds of hedge funds saw 3% increase in assets through fresh inflows in Q1-2011

Wednesday, May 25, 2011
Opalesque Industry Update - The market for funds of hedge funds is getting back on its feet while the sector is restructuring, declared Richard T. Meier, head of research for the Centre Alternative Investments & Risk Management at Zurich University of Applied Sciences (ZHAW), during a press briefing yesterday.

According to Swiss daily Le Temps today, he said that as the hedge fund industry as a whole now manages around $2tln, with around 7,000 single hedge funds and 2,000 funds of hedge funds (FoHFs), hedge funds have substantially increased their assets under management (AuM) while FoHFs’ have remained stable. In terms of AuM, FoHFs represented 34% of the total at the end of 2010 (compared to 46% in 2006). The Swiss FoHFs industry manages 30% of that ($200bn).

During the first quarter of 2011, there was a slight increase of AuM for Swiss FoHFs through fresh inflows by about 3%.

The investor base has changed dramatically, noted Le Temps, as private investors make up for only 24% of all investors, compared to 54% in 2000. Institutions have taken over.

The number of Swiss-registered FoHFs went from 305 in 2008, to 224 in 2009 and 181 in 2010. But funds for qualified investors (offshore) went up by 41% last year to 194. In total, the number of active FoHFs reached 382, a rise of 3% in 2010, but a fall of 22% since 2008, Meier said.

It was also found that the best, the biggest and the oldest funds now make up most of the industry.

The performance of Swiss FoHFs went up to 4.7% in 2010 (in US$), Le Temps reported. Meanwhile, the hedgegate Swiss FoHF Index (US$) was up 0.10% in March 2011 and 0.59% YTD, and the HFRI Fund of Funds Composite Index was up 1.26% in April and 2.11% YTD (5.48% last 12 months).
B. Gravrand

14 June 2011: here is the report produced by Zhaw in collaboration with Banque Privée Edmond de Rothschild
"Swiss Funds of Hedge Funds: Structure, Evolution and Performance", May 2011: Source

See last month’s related article:
Opalesque Exclusive: Swiss funds of hedge funds index down 0.23% in January, AuM stays above $12bn mark Source


What do you think?

   Use "anonymous" as my name    |   Alert me via email on new comments   |   
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. Other Voices: Hedge fund marketing and the selling cycle[more]

    By Bruce Frumerman. How long is the selling cycle now? That’s a question my financial communications and sales marketing consulting firm has been asked on a regular basis by hedge fund firm owners and sales people, ever since we opened the doors to our firm in 1987 pre-crash. Wa

  2. Investing - BlackRock targets ETF investors with flexible currency hedging, Nelson Peltz bets on General Electric Company and Mondelez International, Apple plummets to 4th place among hedge holdings, from No. 1, Top Q3 equity purchases and sales of top 50 hedge funds[more]

    BlackRock targets ETF investors with flexible currency hedging From BlackRock Inc., the world’s largest asset manager, is changing course on exchange-traded funds that protect against currency volatility. After stressing the easy switch between hedged and unhedged ET

  3. BlackRock is shutting down its Global Ascent macro fund[more]

    Komfie Manalo, Opalesque Asia: BlackRock, the world’s largest asset manager, has announced plans to shut down a macro fund, Global Ascent Fund, because of "headwinds facing the industry". The hedge fund, which makes bets on stock, bond and currency markets, will return money to investors. Ac

  4. Opalesque Roundtable: Seeding deal terms can be onerous for hedge funds[more]

    Benedicte Gravrand, Opalesque Geneva for New Managers: Executives from fund of funds firms, family offices, a placement agent, a private equity firm, and an accounting firm gathered in Connecticut last month for the

  5. Opalesque Roundtable: Family offices flock to co-investment[more]

    Bailey McCann, Opalesque New York: Co-investments have been a hot topic for pension funds in recent years, as they try to move away from high fees and improve transparency. But now, family offices are more readily getting into the mix and establishing in-house deal teams, according to the delega