WEST PALM BEACH, FL (www.hedgeco.net) – ABN AMRO Asset Management has predicted a continuous growth and development of the global hedge fund management industry. The firm predicts that global hedgefund management assets will continue to expand over the years, as much as forty percent annually for at least the next two years.
ABN AMRO has experienced significant growth it its hedge fund management portfolios, according to company information. The ABN AMRO hedge fund management business took in additional $500 million in new assets in 2004. The company further said that within the period of three years, its total hedge fund assets had grown from about $40 million to its current level of about $2 billion.
Speaking on the eve of the Hedge Funds World Middle East Conference 2005, the head of ABN AMRO Alternative Investments, MR. Gary Vaughan-Smith said, �2004 represented a landmark year in the development of the Alternative Investment Group. We saw significant growth in assets under management in our funds of hedge funds products, coupled with the launch of our first single strategy funds in emerging markets and currency.�
Vaughan-Smith added, �We will be looking to build on that success, launching products in both the funds of hedge funds and single strategy arenas, and have set ourselves the target of having hedge fund assets in the region of $3 billion under management by the end of 2006.�
Mr. Vaughan-Smith will be addressing the Hedge Funds World Asia conference in Dubai from February 28, to March 2nd, 2005. He will be discussing the topic: �Incubating hedge funds: the opportunities.� ABN AMRO has its headquarters in London and Amsterdam, with money management units in Chicago, Atlanta, Hong Kong and Singapore.
Paul Oranika
Editor-in-Chief
HedgeCo.Net
Email: Editor@hedgeco.net
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