Sat, Oct 25, 2014
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Alternative Market Briefing

Pfaeffikon talking (1): Skybridge on hedge fund investing in uncertain times

Monday, October 01, 2012

amb
Max von Bismarck
Benedicte Gravrand, Opalesque Geneva:

Max von Bismarck, partner and CEO (Europe) of Skybridge Capital, a fund of hedge fund house headquarted in New York with around $6.5bn in AuM, moved to the firm’s new Zurich offices a couple of months ago. He said during an IIR conference in Pfaeffikon, a town near Zurich, last week that the period of "great moderation" is clearly over.

Indeed, the apparent decline in volatility in the early 2000s that coincided with the Fed Chairmanship of Alan Greenspan became known as The Great Moderation. The world has moved from being uni or bi-polar to now being a multi-polar world, that is, slightly more unstable, he said. With the internet and social media, the world is also hyper-connected and interdependent, which is empowering and disempowering at the same time (the latter because we see the world situations that we have little control over). The bell’s curve belly is no longer flat, it has got thinner and the tails have gotten fatter. That’s not so bad for hedge funds which have tools to deal with that, he noted, it’s just more complicated to handle.

The typical trading model for funds of hedge funds (FoHF) involves investing with diversification as a focus; they diversify across all several strategies, adopt an all-weath......................

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