Paris-based HDF Finance, one of Europe's leading independent fund of hedge funds, revealed this week that assets under management have passed the USD 4 billion mark, reaching USD 4.2 billion at the end of March 2007.
HDF, which states it was the first FoHF registered in continental Europe, specialises in multi-management and has been a pioneer in the development of this type of management in France. The company currently manages twenty six individual funds comprising 18 directional, alternative and flexible multi-manager funds, which are registered and regulated in France, and a further eight offshore funds.
Founded in 1986, HDF has built up a twenty-year track record, with an emphasis on capital protection. It says it has attracted funds from an increasing number of international investors, including pension funds, insurance companies, financial institutions and family offices.
Gilles du Fretay, President and co-Chief Investment Officer of HDF Finance, said: 'Increasing our asset pool to over $4 billion is an excellent achievement and reflects the recognition by European investors that a professionally managed fund of hedge funds adds value to their portfolios.
The HDF group comprises more than 64 people and the company has offices in France, Switzerland and Benelux.