Funds SocietyEtfs

Doc Horn is Global Head of Total Return Equities at Pictet AM and a hedge fund expert. He joined the firm 1 decade ago and has since witnessed the evolution of this vehicle class. Specifically, he has overseen specialized UCITS teams across this asset class in Geneva, London, Tokyo, Singapore, and Hong Kong. We sat down with him to discuss the popularity and role of hedge funds in investor portfolios, and how private banks and wealth clients are increasingly demanding them.

For years, investing in private markets implied accepting a demanding commitment: locking up capital for eight, ten, or more years, with no real possibility of early exit. Semi-liquid funds emerged to soften that restriction and bring these asset classes closer to a broader investor audience. It is a middle ground between two worlds.