European institutions ordering less "Vanilla"
| Apr 4th, 2007 | Filed under: Hedge Fund Industry Trends | By: Alpha Male |
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Asset management fees stable but reflect a growing propensity for less plain vanilla products
By: bfinance
Published: April 2, 2007
UK-based institutional investment consultant bfinance released the results from a study of 60 institutional asset management RFPs this week. Olivier Cassin, Head of Product Development and Research at bfinance says
“The themes that we are seeing at the moment revolve around infrastructure, timber, equity long-short and 130/30 strategies.”
Of the 60 RFPs studied, 6 were for hedge funds of funds. The management fee for these mandates ranged from 1.01% (on a 100 million GBP mandate) to 1.36% (on a 20 million Euro mandate). Performance fees for these mandates were not disclosed in the study.
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