Funds of Hedge Funds

Unigestion enters distressed arena


Unigestion in Switzerland is planning to launch separate vehicles to take advantage of the opportunities in the distressed market as the default rates rise. The firm is planning a pure fund of hedge funds called Unigestion - Horizon Credit Hedge and a private equity style product called Unigestion Secondary Opportunity II Fund. Both are due to launch over the summer. The private equity fund, with the classic private equity style characteristics, will focus on investments with a shorter-term time frame, investing in the secondary market fire sale type assets, while the hedge fund product will be looking at