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Anthony Torriani From Komfie Manalo, Opalesque Asia:

Monaco is a very vibrant place to do business for hedge funds, declared Anthony Torriani, founder and principal of $2.5bn multi-asset hedge fund manager Monaco Asset Management, during the inaugural Opalesque Monaco Roundtable which took place in Monaco last month.

The Roundtable and was sponsored by Salus Alpha and Eurex.

"There is a substantial demand for hedge funds and alternative investments here in Monaco, but the industry is also very discrete and you have to find them, because those family offices won't publish their names," Torriani said. "Summing up, there is a significant amount of assets invested from Monaco and it is a very vibrant place to do business for hedge funds and asset managers alike."

Torriani made the statements when asked the role of alternative investments for the banking and asset management industry in Monaco.

He explained that different banks in Monaco would probably offer prospective investors their own internal fund of funds or structured products. On that side, the domestic industry is not very deep as the investments are really done at the head office and not much is decided from Monaco......................

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