Editor's view: 29 July 2010
Like Paris in the spring, the lure of the Ucits space is proving a heady experience for many managers. First Europe fell for the charms of these onshore products, now the Americans are joining in a communal swoon.
27/01/2010
Willis forms first hedge fund advisory group
Willis, the global insurance broker, has formed its first hedge fund advisory group, as part of a strategic alliance with wealth management specialist, Dominion.
The new practice will be headed up by Paul Richards and operated under the auspices of the broker’s Finex National unit, a specialist wing dealing with executive and professional risk.
Traditional brokers are currently waking up to the potential scale of business from the hedge fund sphere, following the dislocation of 2008. Last year, the sector experienced a significant hike in insurance premiums, particularly in the directors and officers (D&O) space, while hedge funds are also placing a greater emphasis placed on better risk management.
Willis will be responsible for the insurance arrangements of Dominion’s client base, while existing Finex clients will be offered Dominion’s wealth management services. As well as D&O, the insurance unit will deal with professional indemnity and employment practices liability insurance.
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Comment: Amy B Hirsch
"It is imperative that investors of all types ensure they understand the relationship between the introducing party and the manager"
Investors sit tight on impaired assets
Playing the ‘what if’ game can be fun but, depending on the number of variables in question, it can get a little out of control. Apply this conceit to the hedge fund sector's performance during the financial crisis and the possible permutations become legion.
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