Strength in hedge funds

Jupiter Financial Opportunities manager Philip Gibbs is wary of asset manager firms with a star manager culture and a heavy emphasis on long-only equity investing. Yet despite falling markets, Gibbs still sees plenty of potential investments in the fund management sector. He has special praise for hedge funds, calling them 'the real silver lining for the fund management sector at the moment,' because the disarray in the conventional sector is leading people to go into hedge funds and that is an interesting margin opportunity for the fund management groups. 'Some asset managers are ver...