AMWatch

Hedge fund interest at record-high level, says Danske AM

To cater for growing demand for investment strategies which have no — or low — correlation to equities and bonds, Danske Asset Management is expanding its hedge fund universe still further. Two more fund launches are in the pipeline for 2019.

"I have never experienced the current level of demand for our hedge fund strategies," says Michael Petry, head of hedge funds at Danske Asset Management. | Photo: PR

Hedge fund managers based in Europe witnessed a USD 13 billion (EUR 11.4 billion) decline in their assets under management during the first half of 2018, according to alternative asset data firm Preqin.

This broad European decline in hedge fund money, however, has not affected Danske Asset Management. On the contrary, the firm’s head of hedge funds, Michael Petry, tells AMWatch. 

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