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Ex-BrunnerInvest analyst prepares launch of fund of long/short equity hedge funds for spring 2014 Bruno Schneller
Benedicte Gravrand, Opalesque Geneva
... A courageous act, as hardly anybody is launching funds of hedge funds (FoHF) these days. Hedge Fund Research said last week that the number of FoFs continued to decline to 1,842 in the second quarter (2Q2013), the lowest level since 2005; that the total hedge fund industry capital managed via FoFs declined to 26.8%, the lowest level since 2001; and that FoF liquidations exceeded FoF launches for the 9th consecutive quarter, dating back to 1Q11.
"There is some room for emerging FoF managers," Schneller tells Opalesque. "From time to time, there has to be some fresh ideas and some new companies. We don't have any competitor launching FoFs. The FoF industry is at the bottom of the J curve."
... Schneller left his hedge fund analyst position at BrunnerInvest, a Zurich-based FoF and wealth manager, at the end of July and co-founded a new company also based in Zurich on 1st August, named Skėnderbeg Asset Management.
Read the full article here: www.opalesque.com/648041/analyst_prepares_launch_of_fund_of_longshort804.html
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