Mon, Mar 27, 2017
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Alternative Market Briefing

Investors shift focus to relative return, bespoke portfolios

Monday, October 08, 2012

amb
Frank Frencentese
Bailey McCann, Opalesque New York:

Frank Frencentese is Global Head of Hedge Fund Investments for Citi Private Bank, which oversees approximately $5bn globally for single investment strategies and customized hedge fund portfolios for ultra high net worth investors. He joined Citi three years ago to build out the firm’s hedge fund advisory service, which includes investment research, product management, and portfolio construction.

In a recent Opalesque TV interview, he noted that the lack of hedge fund performance is making some investors – specifically ultra high net worth individuals, more skeptical of increasing their allocations to hedge funds. "There has been a healthy degree of skepticism around hedge funds – a lot of comments – 'hedge funds, they stole our money, they locked us up, they have not performed in four years, why do I need this in our portfolio?’" As such, much of his work now at Citi, is focused on investor education and advisory services during this low return period.

Despite the skepticism in these circles, institutions are allocating more than ever before to hedge funds. According to Frencentese, this is due to a realization by institutional investors that despite a decrease in absolute returns, hedge funds still offer a viable relative return.

"You look at years even like 2008 when hedge funds were sort of dirty word on......................

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. Hedge fund liquidations in 2016 surpass 2009 levels, new launches decline[more]

    Benedicte Gravrand, Opalesque Geneva: Even as the hedge fund industry's total assets exceeded the $3tln milestone last year, hedge fund liquidations increased. So much so that 2016 had the highest number of liquidations since 2008, claims the latest HFR Market Microstructure Report, re

  2. Hedge funds find no joy in macro as returns lag Trump rally[more]

    From Gulfnews.com: In 2017, macro hedge funds were expected to shine. So far? Not so much. It's been a far from impressive first two months for funds that trade around macroeconomic events. Discretionary funds rose just 0.3 per cent through February, according to Hedge Fund Research Inc., while the

  3. Strategies - Billionaire investor Marc Lasry shares how he's playing markets right now, Classic models are failing FX hedge funds desperate for return[more]

    Billionaire investor Marc Lasry shares how he's playing markets right now From CNBC.com: Buy on the prospect of deregulation. Sell on the enactment of deregulation. That's the strategy that billionaire investor Marc Lasry is implementing, according to an interview with CNBC in Las Vegas

  4. Opalesque Exclusive: Aberdeen makes the case for the lower mid-market[more]

    Bailey McCann, Opalesque New York: Aberdeen Asset Management has released a new paper focused on lower mid-market private equity. According to the paper, this segment of the private equity market is gaining popularity with private equity investors that are looking for multiple expansion and less

  5. Hedge funds await outcome of French elections, feel pinch on lower oil prices & weak dollar[more]

    Komfie Manalo, Opalesque Asia: Hedge funds felt the pinch of lower oil prices and weak U.S. dollar as the Lyxor Hedge Fund Index was marginally down as of the week ending 14 March, Lyxor Asset Management said in its Weekly Briefing. The Lyxor He