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Alternative Market Briefing

Hedge fund investors are looking for maverick managers for allocations – Opalesque Roundtable

Tuesday, May 03, 2011

amb
Peter Douglas
From Kirsten Bischoff, Opalesque New York:

A maverick, as defined by Merriam-Webster is "an independent individual who does not go along with a group or party," and that is what investors are looking for in the hedge fund managers to which they allocate, discussed the panel of hedge fund managers and investors at the Opalesque Singapore Roundtable.

"The last thing you want is a conventional investment professional running a hedge fund. That’ll increase correlations, and the risk of groupthink. You might want conformists running the operations, you might want buttoned-down people running the accounts, and you might want the guy with the club membership to deal with the investors, but you absolutely want a maverick running the portfolio!" says Peter Douglas, Founder and Principal at fund research firm GFIA, which also has a wealth management business that assists such families in investments and philanthropic activities (including the family of Artradis co-founder Stephen Diggle who also attended the Roundtable).

Diggle, who explained discussed the closing of Artradis and the launch of a new fund during the Roundtable, talked a bit about his role as an investor and not as a manager. When active with Artradis, Diggle explained that his net worth was held up all in his ......................

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