Sun, Oct 26, 2014
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Alternative Market Briefing

Other Voices – Making sense of insensibility

Monday, October 11, 2010

This is an executive summary of a paper authored last year by Thomas Kuntz, CEO of New Jersey-based firm called Polymetis LLC, which offers due diligence, investment research, strategic consulting, and advisory services to sophisticated investors. It discusses decision making strategies in investment management within a tactical framework derived from a process called "situational awareness," largely borrowed from its origins in military applications.

In the 1972 film The Candidate, Robert Redford plays Bill McKay, a young idealistic attorney who is recruited to run for the United States (US) Senate against a popular incumbent. At the climax of the movie, after securing a close and wholly unexpected victory, the confused and surprised protagonist is left to ask his campaign manager, “What do we do now?”

Indeed, that is the precise question investors around the globe are pondering in the face of turbulent and uncertain economic and market conditions. Let us call it the McKay Question.

This is especially relevant for investors in alternative investments like hedge funds. Although the results of alternatives over the past few years have largely underperformed relative to investor expectations and sales and marketing pitches, interest in these investments has never been higher. So, how should investors in alternative investments approach the McKay Question?

......................

To view our full article Click here

Banner

Today's Exclusives Today's Other Voices More Exclusives
Previous Opalesque Exclusives                                  
More Other Voices
Previous Other Voices                                               
Access Alternative Market Briefing


  • Top Forwarded
  • Top Tracked
  • Top Searched
  1. Commodities - Oil wreaking havoc on small-cap energy stocks sliding 36%[more]

    From Bloomberg.com: Owning almost anything in the U.S. stock market has been a losing proposition since September. Owning smaller energy companies has been a catastrophe. Hercules Offshore Inc. and Resolute Energy Corp. are among 19 oil-and-gas equities in the Russell 2000 Index that lost more than

  2. Investing - Hedge funds favor equity long/short, Strategic bond managers hedge against further high yield sell-off[more]

    Hedge funds favor equity long/short From Securitieslendingtimes.com: Equity long/short strategies will generate good returns for hedge funds in the future, according to a panel at this year’s Risk Management Association Conference on Securities Lending in Naples, Florida. Panellists Sand

  3. Legal - Ex-hedge fund analyst weeps as judge hands down 5 year sentence, Former Columbus investment manager Steven P. Moore indicted on theft charges, SEBI confirms ban for Hong Kong hedge fund, SEC announces enforcement action against compliance officer[more]

    Ex-hedge fund analyst weeps as judge hands down 5 year sentence From Hereisthecity.com: An ex-hedge fund analyst was sentenced to 5 years in prison for his role in insider-trading scheme. The New York Post reports that former hedge fund analyst Matthew Teeple was sentenced Thursday to fiv

  4. Goldman in talks to acquire IndexIQ[more]

    From Bloomberg.com: Can Goldman Sachs put ETF investors on a liquid diet? Goldman is in talks to acquire IndexIQ, Reuters has reported. Index IQ is a small exchange-traded-fund firm known mostly for products that replicate hedge fund strategies, called "liquid alternative" ETFs. While IndexIQ has 11

  5. Other Voices: CALPERS dilemma should be a warning to hedge funds wanting institutional investors[more]

    From Ian Hamilton, founder of IDS Group. A quick comment on the CALPERS’ disinvestment from the hedge fund market and the jitters it is causing. Pension Funds should not be sheep and follow CALPERS’ decision as the issues that CALPERS has with hedge fund investments are in many ways unique t