Fri, Dec 15, 2017
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Alternative Market Briefing

Value investor Guy Spier looks to emerging market and commodity stories for opportunities

Friday, October 22, 2010

From Kirsten Bischoff, Opalesque New York:

The principles of value investing are so intrinsic to the way Swiss-based firm Aquamarine Capital approaches business that Managing Partner Guy Spier allows his investors to participate in the fund at fee structures based not according to the assets under management, but rather on the value of the performance. According to the firm's website, "Returns above 6% are split in a 3:1 ratio between Limited Partners and the Managing Partner after fund expenses."

In an industry plagued by criticism over fee structures that have a tendency to reward high risk trading, Spier's bold move to collect fees only on alpha generation is one that has been discussed by many and implemented by few.

"...That seems to me to be a much better alignment of interests, between the manager and his investors than a standard 1 and 20 or 2 and 20, whereby the manager could be incentivized to simply gather assets," he explains to Opalesque's Matthias Knab during a recent interview on Opalesque TV.

Spier actually changed from the more prevalent 2/20 to the current fee structure in advance of his much-publicized lunch with Warren Buffett.

S......................

To view our full article Click here

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. Mediobanca acquires majority stakes in Swiss hedge fund[more]

    Komfie Manalo, Opalesque Asia: Listed diversified banking group Mediobanca SpA said it has acquired a majority stake in Geneva-based hedge fund firm RAM Active Investments SA (RAM AI), an active and alternative asset manager offering a range of act

  2. Launches - Ex-BlueCrest team to open over $200m hedge fund, Greg Coffey, a hedge fund star who retired at 41, is eyeing a comeback, Brevan Howard plans Greek funds as bond rally signals revival[more]

    Ex-BlueCrest team to open over $200m hedge fund From Bloomberg.com: A team of traders who left BlueCrest Capital Management earlier this year raised more than $200 million for their own hedge fund focused on Asian stocks, according to a person familiar with the matter. Ovata Capital Manag

  3. North America - Miami could attract hedge funds if SALT deductions axed[more]

    From Law360.com: For years, inertia has been Nitin Motwani's greatest foe in his attempts to lure hedge fund owners in the northeast to Miami, which he has pitched as a tropical low-tax paradise. But with the Republican tax bill proposing to eliminate deductions for state and local taxes, he's sensi

  4. Northleaf Capital Partners closes debut private credit fund on $670M[more]

    Bailey McCann, Opalesque New York: Northleaf Capital Partners has closed its debut private credit fund - Northleaf Private Credit I - on $670 million. The vehicle will invest in private credit transactions in Europe and North America, with a primary focus on lending to private equity-backed compa

  5. ...And Finally - The ongoing gun saga in the U.S.[more]

    From Newsoftheweird.com: As elder members of the First United Methodist Church in Tellico Plains, Tennessee, gathered on Nov. 16 to discuss the recent church shooting in Sutherland Springs, Texas, one of those present asked if anyone had brought a gun to church. One man spoke up and said he c