AXA IM favours liquid hedge fund strategies
Thursday, April 24, 2008 : PermalinkReuters- Equity markets are set to make little progress during the rest of 2008, but more liquid hedge fund strategies such as global macro and managed futures are likely to perform well, according to AXA Investment Managers.
March was a tough month for the $2.6 trillion (1.3 trillion pound) hedge fund industry, during which AXA’s Alternative Premium fund of hedge funds lost an estimated 2.8 percent as many of its holdings lost money.
Chris Manser, global head of AXA’s fund of hedge funds, takes a cautious view but sees opportunities to make money.
