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

Komfie Manalo, Opalesque Asia:

"Old fashioned" funds of hedge funds still have a role to play in the changing market because these portfolios allow managers to adapt their exposure, said Bruno Wicki, who is representing the State Bank of Zurich, Zürcher Kantonalbank at the 2016 Opalesque Zurich Roundtable. Wicki said that even if some funds are using computer data or algorithms for trading, one of the skills that these computer programs cannot replicate is the adaptive analysis of the landscape that allows a manager of managers to roll out these strategies accordingly. Therefore, managers of hedge funds of funds can offer this adaptive analysis advantage.

Wicki explained, "Probably not all of the three trillion hedge fund assets out there are producing alpha, but there are a lot of very skilled managers and they run many different strategies.... The exercise of active risk taking and risk managing has also evolved with the markets over time. I think this is still one of the strong arguments why you actually can add some value with a portfolio of single hedge funds. The vast universe of investment approaches allows for the creation of interesting diversified return streams tailored to fit the rest of the client’s portfolio, which is exactly what fund-of-funds are supposed to deliver."

Rudolf Bohli, who is runn......................

To view our full article Click here