Pictet Asset Management markets funds of hedge funds

Pictet Asset Management has assembled a three-person team based out of Geneva to promote its fund of hedge funds, a marketing effort that has now been extended to Asian and Australian institutional investors. The move is an expansion for the firm, which in Asia is known as a traditional, long-only provider. Steve Huguenin-Virchaux, alternative product specialist at Pictet, says the timing is based on the firm's recent track record. Pictet has managed hedge funds since the 1980s and …