- hedge funds have gone through various stages of adaptation over the years, responding to changing economic and market conditions. Introduced over half a century ago as investment instruments without regulatory constraints, they were initially reserved for professional investors due to the lack of regulations that would allow them to be offered to the public. However, in the 80s they attracted institutional interest thanks to exceptional results in Macro and Long/Short strategies, which outperformed the market without increasing volatility.
What was the impact of the 2007-2008 financial crisis on hedge funds and how did they adapt in the following decade? Why do interest rates affect their returns so profoundly? What is the main competitive advantage of hedge funds compared to passive investments in the stock market?
These topics will be covered by Anthony Leaf, Economist and Vice-Chairman Banca del Ceresio (Ceresio Investors group), in the new episode of Guide to finance, made by REF Searches with the collaboration of Allianz Bank Financial Advisors and which will be published tomorrow on FIRST online and distributed in 16 languages.
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Antonio Foglia is vice-president of the Board of Directors e shareholder di Bank of Ceresio. Until 2010 he held the role of Managing Director and President of the Management Committee at Banca Ceresio. He is currently a member of the board of Belgrave Capital Management, Ceresio SIM and Global Selection SGR. He holds several additional positions on the management committees of private companies, universities, funds and foundations, including the Central European University and the Bruno Leoni Institute. He was a member of the Scientific Committee of Confindustria.
He is an occasional commentator on financial topics for the Corriere della Sera, Only 24 HOURS and Financial Times.
Graduated in Political Economy from Bocconi University in Milan, he was born in 1960 and has Italian and Swiss citizenship.
