Fund of hedge funds firm HDF wins back inflows
Wednesday, May 6, 2009 : PermalinkGuardian Unlimited – HDF, France’s oldest fund of hedge funds company, has started to win back new inflows although some clients are still looking to exit and assets under management remain below the $3 billion level at the end of last year.
Paris-based HDF, which was founded in 1986 and currently has around $2.5 billion in assets under management, hopes to raise that amount but has set no timeline, Managing Director Christophe Chouard told Reuters in an interview.
"There are inflows and some redemption orders still being paid out. We have not changed our redemption terms, we can keep our promises and we have to," he said late on Tuesday.
