Frankfurt Roundtable: German institutions reveal high demand for absolute return
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While some German high net-worth and family office clients are reducing exposure to absolute return strategies due to disappointing returns in the past few years, for institutions it's the opposite. Participants at the 2012 Opalesque Frankfurt Roundtable report a markedly increased demand for absolute return strategies from institutions, paired with an unprecedented appetite for new approaches in the market and preference for boutiques over very large asset management companies.
“We find ourselves talking to investors who we honestly would not have dared to approach two years ago. We see investors coming into asset classes like infrastructure and some very conservative German insurance companies looking at hedge funds and absolute return funds for the first time. Summing up, I see a lot of new sources of capital for our products”, says Christian von Strachwitz from Questa Capital.
Rolf Dreiseidler from Man Group added: “Pension funds and insurance companies invest in our products that only two or three years back would not even have considered our solutions. This is the highest demand for absolute return that I have experienced so far. What we have also observed is a shift in interest away from fund of hedge funds, with the exception of customized solutions based on managed accounts, into single manager absolute return content within a UCITS format.”
The Opalesque 2012 Frankfurt Roundtable was sponsored by Eurex and took place at the Deutsche Borse in Frankfurt on June 14th 2012 with:
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