ABN Amro expands FoHFs

ABN Amro is planning to launch a fund of hedge funds (FoHF) every quarter until next May. It also has plans to launch several single strategy funds, including currency, macro, equity long/short and equity market-neutral. The hedge funds team will also double in size, from 16 to 32, to support the new launches. The group has four FoHFs at the moment, all based around the $2.2bn multi-strategy flagship fund. Gary Vaughan-Smith said: "We plan to take this from four to seven by the end of the year and, ultimately, may take the range to 10 or 12." The first two strategies to be rolled ou...