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Mark Baak From Precy Dumlao, Opalesque Asia
The current market volatility makes it a very challenging environment to raise capital for the whole hedge fund industry, particularly for the fund of hedge funds (FoHFs) space. This makes transparency and independent oversight very important. That was the consensus reached by various panelists in the latest Opalesque Netherlands Roundtable.
"When it comes to capital raising, I agree that transparency and providing information are of great importance to get there. I have never met an allocator who became more negative when he spent a lot of time on meeting hedge funds and knowing more about the hedge fund world. So for us as hedge fund selectors, that is the biggest task," Mark Baak, Head of Portfolio Management at Finles Capital Management said.
Robert Vennegoor, head the operation of Custom House Fund Services in the Netherlands, added that after the exposure of several fraudulent incidents following the 2008 financial crisis and the anticipated implementation of the EU’s AIFMD Directive, there had been an increased demand for an independent oversight of the compliance of the investment management process.
Besides, he continued, the Boards of the Dutch pension funds more often seek independent oversight of the collateral managemen...................... To view our full article Click here
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