Funds of Hedge Funds

IAM expands presence in Europe, opens up new office in Spain


International Asset Management, one of the oldest fund of hedge funds managers, has opened a branch office in Spain to reinforce its commitment to expanding its client base and enhancing the service it offers to clients based in Iberia. The firm, which is now independent again and has more than $2.5 billion under management, is likely to have to go down the UCITS III route to increase its distribution in Europe, a path that some 25% of the InvestHedge Billion Dollar Club are currently considering. That said, IAM is opening its office in response to the growing demand