06.12.2012 - Rise of CTAs and global macro
Of the 59% 0f respondents to this month’s survey that do invest in hedge funds, 10 invest via funds of funds and 10 invest direct – confirming a trend to combine the two approaches to the market. One UK fund confirmed that it was moving from funds of funds to direct investing. The move towards managed accounts is also confirmed – with four respondents using them. The perceived advantages of managed accounts were pretty clear, with a UK fund citing the benefits as “better control of costs, and the ability to influence portfolio construction”, and a Dutch fund approving of the “daily knowledge of exact positions, daily liquidity, and the ability to do look-through reporting”...............................................Full Article: Source
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