SWITZERLAND - Pictet Asset Management is aiming to launch absolute return products into the institutional market by the end of this year in order to tap Swiss pension funds' growing interest in hedge funds.
“We have offered hedge funds on the private banking side for many years and we can rely on our existing team and on our contacts. We are currently thinking about how to really engineer tailor made products that suit the needs of the institutional investor,” said Dr Udo von Werne, head of business development Switzerland at Pictet Asset Management.
Von Werne highlighted that transparency, liquidity and dedicated risk management are crucial to institutional investors and said these key requirements need to be fully met before launching the product.
“We are aiming to deliver something to the marketplace by the end of this year,” he added. “We clearly see that professionally managed absolute return products are justifiable in a pension fund's asset allocation.”
Pictet has been offering hedge funds to private investors for more than 10 years and has several billion Swiss francs in hedge funds assets under management and advisory.
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