Wed, Sep 17, 2014
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. Investing - Big hedge funds show interest in Alibaba, Maglan joins other hedge funds in rush to Argentinian assets[more]

    Big hedge funds show interest in Alibaba From Hereisthecity.com: …Three other major hedge fund investors who have shown interest in the IPO are Dan Loeb of Third Point, David Tepper of Appaloosa Management and Dan Benton of Andor Capital Management. All three were among the roughly 800 p

  2. Investors looking at other sources for hedge fund-like returns[more]

    Komfie Manalo, Opalesque Asia: Investors who are always on the lookout for higher gains are looking at alternative sources of income, particularly exchange-traded fund industry that generates hedge fund-like returns, according to

  3. Investors move capital out of Scotland ahead of referendum[more]

    Benedicte Gravrand, Opalesque Geneva: Ahead of Scotland’s independence referendum on September 18, asset managers, investors and pension savers are moving billions of pounds out of the country,

  4. Indices - Greenwich Global Hedge Fund Index up 1.57% in August (+4.22% YTD), Eurekahedge Hedge Fund Index rebounds in August gaining 1.36% (4.22%), Lyxor Hedge Fund Index was up 0.9% in August (YTD +1.7%)[more]

    Greenwich Global Hedge Fund Index up 1.57% in August (+4.22% YTD) The Greenwich Global Hedge Fund Index ended the month of August up +1.57%. Equity markets were up in August with the MSCI World Index up +2.00%. This was primarily driven by the performance of the S&P 500 which was up +4.

  5. Alpha Strategic buys stake in Premium Point Investments[more]

    Benedicte Gravrand, Opalesque Geneva for New Managers: Alpha Strategic plc, a affiliate of