Innovation is King: Russell
Nov 3rd, 2006 | Filed under: Institutional InvestingBy: Michelle Baltazar, Financial Standard
Published: November 2, 2006
Financial Standard reports that Russell Investment Group CIO, Tom Hanly sees institutions warming up to hedge fund-like strategies.
“He said many traditional fund managers are now using hedge fund techniques with the go-ahead from their clients. ‘Unlike before, they [investors] are more willing to give new strategies a shot,’ said Hanly.
“It seems portable alpha, or the concept of transferring the non-index sourced returns of a fund or strategy into a separate product, is one that has captured the attention of many institutions.”
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