The Debate Hedge funds penetrate wider market via multimanager-based products

Funds of hedge funds provide increasing access to asset class to retail market

This week's Conjecture focuses on funds of hedge funds. Taking part in the discussion were Teun Johnston, head of the London investment group at Credit Agricole, and Carcie Rogers, investor relations for fund of hedge funds at Pioneer Alternative Investments. What is your view of hedge fund performance this year? Teun Johnston (TJ): During the first quarter of 2006 many hedge funds performed strongly, though the second quarter proved more difficult. The expectation of increased inflation resulted in the selling of risky assets by a number of market participants, including a significant n...