Monday, 23 February 2009

Gap is closing between retail and institutional fund selection (Registration required)

Leading fund selectors are increasingly using the same techniques and facing the same issues regardless of whether they are picking investments for institutions or a retail client base, says Cyrille Urfer of the Abu Dhabi sovereign wealth fund.

Europe's most sophisticated fund selectors have long regarded the big US endowments, such as Harvard and Yale, as the cutting edge of investment selection and Urfer sees increasing convergence between the approaches of all leading fund buyers.

‘At the end of the day, the needs and the objectives of these different groups of investors are not that different,’ points out Urfer, the former head of selection at LODH in Geneva who is now CIO of equities and fixed income at the Abu Dhabi Investment Council.

(Also visit this link: http://www.citywire.co.uk/selector/-/news/selector-moves/content.aspx?ID=301457

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