Wed, Apr 1, 2015
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Alternative Market Briefing

Manual manager selection is best, says investor

Friday, November 30, 2012

amb
Dr. Ariel Sergio Goekmen
Benedicte Gravrand, Opalesque Geneva:

Dr. Ariel Sergio Goekmen, Partner at Kaiser Partner Privatbank AG in Liechtenstein, a top-down investor, believes critical investors are uneasy about the hedge fund industry. He presented his views on the matter during Terrapinns Hedge Funds World conference in Zurich earlier this month.

"On the one hand you have a huge block of institutional investors who will need to invest in funds further in order to get liquidity out of their portfolios, and on the other, you have a group of private investors who are facing the problem of not being able to find the returns," he notes.

The game has changed for the hedge fund industry, he says, as indeed, it went from $38bn in AuM in 1990, $380bn in 1998 (after LTCMs collapse) to $2.5tln now.

"Its still a kind of a success story," he continues, "and people think that in the next three to five years, the hedge fund industry might manage up to $5 trillion. And that is despite, or maybe because, investors are not clever enough to understand hedge funds offering."

Investors concerns

He quotes Nassim Taleb, author of the book "The Black Swan" and lecturer at New York university, who, in a new paper (Why It is No Longer a Good Idea to Be......................

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. Other Voices: Does the hedge fund industry benefit society?[more]

    This article was authored by Don Steinbrugge, Chairman of Agecroft Partners, a US-based global consulting and third party marketing firm for hedge funds. It is no secret that the hedge fund industry is viewed negatively by a la

  2. Private credit comes into focus for investors[more]

    Bailey McCann, Opalesque New York: As investors look for a way out of the low yield/no yield environment, private credit is becoming an increasingly attractive asset class, according to a white paper from Bayshore Capital Advisors. Private credit has grown steadily since the financial crisis as

  3. Other Voices: The role of diversification in CTA portfolios[more]

    2014 brought a resurgence of managed futures strategies, or CTAs, which performed very well as a whole, outperforming all other hedge fund strategies. However, a closer look reveals that there was a wide range of performance, or return dispersion, across managers. The bottom line? Not all CTAs

  4. Neuberger Berman unit buys 20% stake in activist hedge fund Jana Partners for $2bn[more]

    Komfie Manalo, Opalesque Asia: Neuberger Berman’s unit Dyal Capital Partners bought a 20% stake in activist hedge fund firm Jana Partners worth $2bn, WSJ.com reports. The deal comes as activi

  5. Hedge fund launches fall again, $1bn funds found to outperform even smaller hedge funds[more]

    Komfie Manalo, Opalesque Asia: The number of new hedge fund launches fell again in 2014, the third consecutive year of decline, while fund liquidations saw their first drop since 2010, according to the latest HFR Market Microstructure Industry Report released by industry data provider HFR. Acc

 

banner