Hedge funds under pressure
Dutch hedge funds are finding it increasingly difficult to raise money from pension funds and other institutions, making the future of the sector in the Netherlands uncertain, the Financieele Dagblad reports on Friday.
The problem in the Netherlands is twofold, the paper says. On the one hand, new funds find it difficult to attract big investors because they are too small. On average they have €50m under management.
For example, last week, Aethra Asset Management pulled the plug on its funds because of the lack of interest, the paper said.
‘Major investors don’t dare to get involved because their rules often say they can hold no more than 5% to 10% of a fund and that makes the investment too small,’ Daan Potjer of Aethra told the paper.
But bigger funds also find it difficult to attract interest because investors prefer to look abroad, the paper says.
Wouter ten Brinke of Theta Capital told the FD he does not invest in Dutch funds because he wants the best in the world. ‘There is only a small chance that would involve a Dutch fund,’ he said.
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