Sat, Oct 10, 2015
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

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. U.S. hedge funds prepare for worst finish this year since 2008[more]

    Komfie Manalo, Opalesque Asia: U.S.-focused hedge funds are preparing for their worst year since the 2008 global financial crisis, following a series of letdown including the market sell-off in August and the sell-off in healthcare and biotechnology sectors last month, reported

  2. Investing - AQR Capital and Renaissance Technologies raise stakes in Southwest Airlines[more]

    From In the previous part of this series, we saw how institutional investors played Southwest Airlines (LUV) in 2Q15. Now let’s move on to the trades executed by key hedge funds in Southwest Airlines over the same period. … Most of the hedge funds that had significant exposu

  3. Manager Profile - Pimco alternative funds flourish as 30-year bond rally fades[more]

    From Inside Pacific Investment Management Co., the bond behemoth that lost two chief investment officers last year and saw almost $500 billion of client money leave, a hidden profit engine is easing some of the pain. For more than a decade, Newport Beach, California-based Pimco has qu

  4. Niche Investing - Art investment funds: Attracting institutional and other new investors[more]

    From The Deloitte/ArtTactic Art and Finance Report 2014 (the "Art and Finance Report") noted that the "global art investment fund market was estimated to be worth at least $1.26 billion in the first half of 2014." This seems almost inconsequential when juxtaposed with the $54 billion of

  5. DoubleLine’s Jeffrey Gundlach warns of another round of market shakedown[more]

    Komfie Manalo, Opalesque Asia: DoubleLine Capital co-founder Jeffrey Gundlach is painting a bleak future as he warned that the U.S. equity market and other risk markets, such as high-yield "junk" bonds, are facing another round of selling pressure. Gundlach said in an interview with