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Fidelity's "Funds Manager" program offers hands-off management on amounts as low as $50,000.
Vikas Kapoor has joined Arden Asset Management, a fund of hedge funds manager, as executive director for risk management and technology.
Additionally the Group benefits from synergies from a centralized asset manager, DekaBank (the third largest mutual funds manager in Germany), providing key asset management products for savings banks retail customers.
And the bank unsuccessfully tried a takeover of AMP, the Australian insurer and funds manager.
That is the view of Philippa Gee, newly appointed head of marketing and communications at fund of funds manager T Bailey.
11, and the fourth-quarter story is a rebound of what we think are leadership companies," said Garrett R. Van Wagoner, the firm's founder and the funds' manager.
Similar(42)
A fund-of-funds manager typically puts between five and 20 hedge funds, sometimes more, into a basket.
In late January, Alp Invest a Dutch fund-of-funds manager, announced a partnership with the Carlyle Group.
One fund-of-funds manager says he rushes to be the first out if he suspects that others may desert a hedge fund.
When Beacon Hill, a Boston-based hedge fund, went under, says a fund-of-funds manager, "it amazed us how many funds of funds were invested in it".
But a net 110 funds-of-funds came into existence.The problem for clients is that the expertise of a fund-of-funds manager requires an extra layer of fees.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com