Tue, Feb 9, 2016
A A A
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

Bg

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. Investing - Avenue Capital's Marc Lasry: We like European bank loans, Comment: A bunch of hedge fund managers are chasing the 'dream of crushing a major structural problem'[more]

    Avenue Capital's Marc Lasry: We like European bank loans From CNBC.com: European banks are under immense pressure, but at least one prominent hedge fund has found what it thinks is a good opportunity in the wreckage. Marc Lasry, co-founder and chief executive of hedge fund Avenue Capital

  2. Credit Suisse cherry picks hedge fund ideas[more]

    From FT.com: Credit Suisse Asset Management plans to cherry pick profitable concepts from hedge funds with the launch in Europe of a “best ideas” strategy. The investment arm of the Swiss bank said the strategy will separate it from other funds blighted by “overcrowding problems”. It comes at a time

  3. Investing - Hedge funds bet on risks in U.S. blue-chip debt, Hedge funds bets against bank credit risk paying off, Tiger Global still likes Internet names, gets pointers from Jeter[more]

    Hedge funds bet on risks in U.S. blue-chip debt From WSJ.com: Hedge funds are betting the next bond sector to crack will be the $4.5 trillion market for the safest U.S. corporate debt. New York’s Perry Capital has placed a $1 billion wager against investment-grade bonds issued by 10 comp

  4. Short Selling - Hedge fund manager Kyle Bass is shorting real estate—again, Top US hedge fund has €80m short position in Paddy Power Betfair[more]

    Hedge fund manager Kyle Bass is shorting real estate—again From Fortune.com: He also predicted the mortgage crisis in 2008. Hedge fund manager Kyle Bass, who runs Dallas-based Hayman Capital, tanked the stock of a little-known real estate financier Friday by revealing that he is shorting

  5. HFRU Hedge Fund Composite Index down -2.58% in January[more]

    Global financial markets posted sharp losses in January led by declines in Oil and global equities, though steep intra-month losses in both were narrowed by strong gains in final trading days of the month. Global equities posted steep declines for the month led by Biotechnology, Energy, Financial, E