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Opalesque Roundtable Series - New York 2011

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Dear Reader,

Welcome to our fourth annual Opalesque New York Roundtable! The year so far has been a challenge for investors worldwide, but some astute hedge fund managers participating at our Roundtable were still able to deliver positive returns to their investors. For example, many relative value Mortgage Backed Securities (MBS) strategies delivered double digits returns to investors YTD. Veteran hedge fund manager Bill Collins overweighed Credit Opportunities at 75% and was able to keep his event-driven fund in positive territory as well.

The Pendulum Swings Back: “Size kills, and absolute size kills absolutely”

Hedge fund administrators report that the large majority of assets flowing into hedge funds are still allocated to the very large funds. Emerging managers launching new funds face more and higher hurdles than before, but that does not deter them to set up shop – service providers tell us they have a substantial pipeline of managers hoping to launch in the next 6 to 10 months.

Historically, emerging managers tend to outperform the larger funds - there are various studies about that, and a lot of good, logical reasons. Read in this Roundtable why industry observers believe the pendulum may soon swing back favoring smaller managers, and why investors may soon ask questions like “why am I invested in this big guy who is not quite performing like he used to?”

The Roundtable also includes an in-depth analysis of the current debt crisis and a painful, but clear perspective where things are heading in Europe and the U.S.

The Opalesque New York Roundtable was sponsored by Custom House Group and Taussig Capital on September 14th at the Opalesque office in Manhattan with:

  1. Andy Ball, Portfolio Manager, West Side Advisors
  2. Bill Collins, Founder, Brencourt Advisors
  3. David Freelove, Managing Director, Del Mar Asset Management
  4. Joe Taussig, Taussig Capital
  5. Katiana Guzman MacNabb, Co-CIO, The Caravel Fund (International) Ltd.
  6. Scott Price, Custom House Group
In addition, read about:
  • The new reality of hedge fund investors: how investor expectations adjust to reality
  • What is “shadow accounting”, and how does it happen in the hedge fund world?
  • What drives the current M&A cycle, and how long will it continue?
  • What investors require from new or emerging managers
  • Why the smart money is going now into Emerging and Frontier markets
  • Why “we are flexible” may be the old hedge fund paradigm as investors demand higher degrees of specialization in products and strategies
  • Opportunities and challenges of the $12 trillion U.S. mortgage market and why investors should we aware of the differences in mortgage backed securities investments
Enjoy “listening in” to the Opalesque 2011 New York Roundtable!

Matthias Knab
Director Opalesque Ltd.

Knab@opalesque.com

Access the Opalesque Roundtable Series - New York 2011 | Download here

The Opalesque Roundtable Series offers unparalleled intelligence on the most important global hedge fund jurisdictions and their players. The Roundtable Series is a free publication from Opalesque and is continually updated. Please scroll down to view the full selection of our Roundtables - covering the globe!

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