New hedge fund managers welcome to knock on Bank of Bermuda's door

The Bank of Bermuda recently launched the All Points Absolute Returns Funds ' Opportunity Fund, a fund of hedge funds aimed at capitalising on the often strong early performance of hedge fund managers. Flexibility, the drive to grow assets and a focus on risk and return coupled with a significant portion of their own liquid net worth commonly tied up in the fund often combine to create early success for new hedge fund managers, according to the company. The bank is in an ideal position to recruit good managers, says Adrian Fairbourn, director of alternative investments. 'A lot of ini...