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HDF, Giles du Fretay - May 2004

Gilles Du Fretay, head of HDF was the first to offer an onshore French fund of hedge funds. He explains why he left the private banking world to design, not present, hedge fund products.

HDF, a pioneer of onshore French hedge funds, now hopes to capitalise on France’s changing regulations and the firm’s established track record. 

Founded in 1986, the company was one of the first to launch an alternative multi-manager fund and now manages around $1.6bn worth of assets and advises institutional and high-net-worth individuals. 

The firm’s path and investment process have been shaped

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