Hermes IM adds to global credit team; DBS PB to expand Dubai team; hedge fund redemptions continue; Fund Selector Asia wins State Street Institutional Press award; job movers in finance to expect higher salaries; former Standard Chartered private banking head acquitted for bribery; and more…
Investors in the region, especially institutions, have been avoiding fund of hedge funds (FoHFs) and instead allocating to hedge funds directly, according to Ronnie Wu, co-founder and chief investment officer at Penjing Asset Management.
Deutsche Bank Wealth Management has made changes to hedge fund allocation recommendations, including trimming down positions in equity long/short strategies.
Standard Chartered PB names new EMEA head; Are fine wines good alternative investments?; ex-SFC Alexa Lam resurfaces at ICI Global; Aviva Investors creates institutional sales role for Australia; Franklin Templeton hires new EM portfolio manager; global hedge funds see outflows in June; and more…
Alternative investment funds, many of which are descendants of the risky hedge funds from a decade ago, are increasingly in demand as risk-management tools, according to Simon Godfrey, head of product management at EFG Bank.
Industry sources suggest combining various hedge fund strategies to address diversification and ease downside risk, but the issues of high fees and performance remain.
Deutsche Wealth is not convinced that a significant allocation to hedge funds adds value to client portfolios, according to Christian Nolting, Frankfurt-based managing director and global chief investment officer and global head of discretionary portfolio management.
UBS Wealth Management is recommending clients allocate up to 20% of their assets to hedge funds as a diversifier, especially in an environment where interest rates and volatility are increasing, according to the firm’s executives.
Artificial intelligence (AI) and big data can improve the investment process, but don’t rely on technology for alpha generation, according to a panel of hedge fund executives.
Fidelity poaches from Amundi AM; Jupiter hires JP Morgan multi-asset PM; Alliance Bernstein and Allianz GI rated as top managers in Asia; Bloomberg to include Indonesian rupiah-denominated debt in global index; Indonesia becomes first Asian country to sell green bonds globally; and more…
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