Pfaeffikon, Switzerland-based fund manager RMF Capital Markets has boosted its sales team to 12 from three over the last month and plans to hire three more sales professionals in the coming months. The move is part of the fund manager's effort to double its sales of guaranteed funds of hedge funds next year to EUR1 billion (USD884 million), according to Reto Ammann, co-head of capital markets. The expansion is possible because of the growth in demand for uncorrelated investments.
The fund manager chooses derivatives counterparties based on long-term commitment to the industry. Ammann, added "We don't want opportunity players that you call in a year and no one answers the phone." He declined to name counterparties.
