•  
• Tweet
•  
•        Print
•  
•         Track Keywords
•  
• 

Opalesque Exclusive: French alternative FoFs see assets down 3.9% French site NewsManagers.com reported that, according to Astérias (website), alternative funds of funds have seen their assets under management decrease in Q1 2008 for the first time since they were authorized in France, losing as much as 3.9%.

During this period, only Edmond de Rothschild Multi Management reports an increase in AUM. The most popular funds such as the Multi Alternatif Select (run by Edmond de Rothschild Multi Management) continue to attract some assets even if their performances are currently negative.

The biggest decreases in assets affected the most important funds such as Allianz Global Investors’ Phenix and Alteram Trésorerie Plus.

Asian HF industry may stagnate, assets fell 10% to $100bln in Q1 – GFIA`s Peter Douglas From Bloomberg.com: The number of Asian hedge fund managers will likely stagnate this year as smaller firms struggle to raise assets, said Peter Douglas, principal of Singapore-based hedge fund consulting firm GFIA Pte.

``We will see fewer startups this year and we will also see some attrition,'' Douglas, also chairman of the Singapore chapter of the Alternative Investment Management Association, said in an interview yesterday. ``One of the characteristics in the last three to four years is that the Asian hedge fund industry has been too sexy for its own good.''

The i......................

To view our full article Click here