Funds of Hedge Funds

IAM favours long/short equity and event driven strategies

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Long/short equity and event driven class strategies are the place to be, according to International Asset Management, a $2.8 billion fund of hedge funds manager. The London-based firm believes these strategies have a positive return outlook with medium risk for the third quarter of 2011.

US long/short equity managers have the ability to provide high-end returns due to a reasonably priced market, strong earnings growth, accommodative monetary policy and relatively high levels of net exposure.

However, in the long-term, Asia and emerging markets maintain are offering the highest secular growth opportunities for long/short equity managers. IAM is positive