Structured products, derivatives and hedge funds: a minor role?

multi-manager

Although multi-manager portfolios now have the ability to invest in a much wider range of assets, there will still be a need for generalist transparent funds of funds

Ucits III fund legislation is bringing new freedoms to managers, giving funds of funds even more options for achieving diversity. However managers have by and large only taken on a small exposure to alternative assets with the majority of assets still in other funds. Some managers, such as Jason Britton of T.Bailey Fund Managers feel that the benefits of alternative investments are questionable, as he tells Investment Week. He believes investors and advisers might also have difficulty in understanding multi-manager funds if they start making substantial investments in esoteric asset classe...