UK asset manager Schroders has teamed up with hedge fund manager John Paulson (pictured) to launch the Schroders GAIA Paulson Merger Arbitrage fund.
Market practitioners expect the world’s central banks to boost their buying of gold this year, but investment demand should remain volatile. Overall, the analysts expect gold’s price to rise.
Now, who would have thought it? Retail investors, second rate citizens for many hedge funds during and since the crunch, now hold the main key to access some of the world’s most sought-after managers.
Before the credit crunch, hedge fund performance was a matter for managers and their investors alone.