Hedge Funds Won’t Get More Money From EU’s Biggest Asset Manager
- Amundi to focus on mutual funds and liquid alternatives
- Disbands London team of hedge fund allocators, researchers
This article is for subscribers only.
Amundi SA, Europe’s biggest asset manager, is stopping allocation to hedge funds to focus on mutual funds and other cheaper alternatives.
Inflows into offshore hedge funds, such as those registered in the Cayman Islands, has slowed to a trickle this year amid disappointment with high fees and low returns, and many investors are turning to alternatives that offer lower fees, easier withdrawal and more transparency.