Funds of Hedge Funds

Unigestion set to pick tactical traders and arbitrage managers in 2011

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Unigestion, a $3.6 billion European fund of funds, believes that continued bouts of volatility will lead to significant opportunities from tactical trading and arbitrage strategies in the year ahead.

The financial downturn, subsequent deflationary climate coupled with historically rock bottom interest rates and an economic backdrop where 50% of global GDP is now being generated by emerging markets, has resulted in a unique trading environment, said Philippe Gougenheim, head of hedge funds at Unigestion and until recently a former trader himself.

Geneva-based Unigestion, which was founded in 1971, favours an overweight exposure to tactical trading and arbitrage strategies