Pictet Wealth Management (Pictet WM) has explicitly eschewed the practice of distributing products to capture placement or retrocession fees, betting instead on its commingled fund-of-funds vehicle, bespoke mandates and co-investment capability to offer clients diversified private-market exposure. “We don’t establish feeder funds just to channel client money into individual strategies. We view this as a complex asset class that requires a … Continue reading Why Pictet WM shuns feeder funds, retrocession fees in alts mandates