Downside protection in alternative vehicles

Hans-Willem van Tuyll, chairman of the Alternative Investment Management Association (AIMA), believes hedge funds are becoming a vital part of advisers' armoury in turbulent markets. But, he said, it is important not to overstate the performance capabilities of hedge funds, despite their ability to outperform traditional asset classes. 'You cannot afford to over-promise your buyer that hedge funds will always make money, and you have to select your styles, your strategies carefully,' he told delegates at the recent Hedgeworld 2003 conference. Other speakers said investors considering ...