{"id":8858,"date":"2008-10-15T00:00:00","date_gmt":"2008-10-15T00:00:00","guid":{"rendered":""},"modified":"-0001-11-30T00:00:00","modified_gmt":"-0001-11-30T04:00:00","slug":"bbva-unit-says-clients-slash-hedge-fund-exposure","status":"publish","type":"post","link":"https:\/\/hedgeco.net\/news\/10\/2008\/bbva-unit-says-clients-slash-hedge-fund-exposure.html","title":{"rendered":"BBVA unit says clients slash hedge fund exposure"},"content":{"rendered":"<p>Reuters &#8211; Clients of Spain&#8217;s BBVA Patrimonios have cut hedge fund exposure by more than two-thirds over the past year after disappointing returns, says its chief investment officer, who believes the industry is in meltdown. <\/p>\n<p>&quot;Appetite for hedge funds has diminished dramatically,&quot; Enrique Marazuela told the Reuters Wealth Management Summit, adding that hedge funds had not met his clients&#8217; return and risk expectations.<\/p>\n<p>&quot;The idea customers had about hedge funds was that they were going to have absolute returns and hedge funds controlled the risks.&quot;<\/p>\n<p>However, hedge fund returns have disappointed many investors this year in high market volatility.<\/p>\n<p>Hedge Fund Research&#8217;s HFRI index fell 4.68 percent in September, its second worst month after August 1998&#8217;s 8.7 percent drop, taking the year-to-date loss to 9.41 percent.<\/p>\n<p><a href=\"http:\/\/www.hedgeco.net\/news\/news_land.php?i=http:\/\/www.reuters.com\/article\/WealthManagement08\/idUSTRE49D6ZN20081014\" target=\"_blank\"><strong>Read Complete Article<\/strong><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Reuters &#8211; Clients of Spain&#8217;s BBVA Patrimonios have cut hedge fund exposure by more than two-thirds over the past year after disappointing returns, says its chief investment officer, who believes the industry is in meltdown. &quot;Appetite for hedge funds has [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[3188,312,84,3187,428,234,117,83,48,989,1477,516,1230],"class_list":["post-8858","post","type-post","status-publish","format-standard","hentry","category-syndicated","tag-banco-popular","tag-benchmarks","tag-beta","tag-christophe-bernard","tag-current-value","tag-euro-1","tag-investment-arm","tag-medallion","tag-money","tag-reuters-international","tag-spanish-property","tag-stage-fund","tag-sunday-times"],"_links":{"self":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/8858","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/comments?post=8858"}],"version-history":[{"count":0,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/8858\/revisions"}],"wp:attachment":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=8858"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=8858"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=8858"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}