Professional Wealth Managementt

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By PWM Editor

Hedge fund assets have risen fast enough for administrators to build up business, but they must keep up with innovations, writes Paula Garrido.
The hedge funds industry has received several positive boosts of late. The Man Group raised over $800m (e675m) , predominantly from wealthy individuals, for its multi-strategy product. Gartmore, an equity funds specialist, broached the $4bn mark in alternatives. And ratings house S&P has added an equity long/short funds index to its existing hedge funds family, which itself commenced in October 2002.

 

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