Thu, Jun 29, 2017
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 Terrapinn�s 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 LTCM�s collapse) to $2.5tln now.

"It�s 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. Legal - Bond market concerns could scuttle Paulson's Fannie-Freddie plan[more]

    From Bloomberg.com: A hedge fund proposal for freeing Fannie Mae and Freddie Mac from U.S. control is poised to face stiff opposition from investors who say it risks wrecking the mortgage-bond market. The Moelis & Co. blueprint, which firms including Paulson & Co. and Blackstone Group LP sponsored,

  2. Other Voices: Are your pricing policies and procedures for less liquid instruments adequate?[more]

    Komfie Manalo, Opalesque Asia: The unrelated position mismarking incidents that quickly precipitated the closures of both Visium Asset Management and Marinus Capital have been recent focal points for market participants, but regulatory scrutiny of valuation choices for less liquid instruments is

  3. FinTech - AI hedge fund Numerai now live on Ethereum, Cryptocurrency hedge funds generate huge returns as bitcoin surges[more]

    AI hedge fund Numerai now live on Ethereum From Cryptoninjas.net: Back in February, Numerai announced numeraire (NMR), a cryptographic token to incentivize a new kind of hedge fund built by a network of data scientists. Earlier today, the Numeraire smart contract was officially deployed

  4. Investing - Advisors slash hedge fund positions, Theravance Biopharma is a top pick of investment guru Seth Klarman, As asset management industry grows a search for new revenue streams[more]

    Advisors slash hedge fund positions From Barrons.com: Financial advisors have cut wealthy clients' exposure to hedge funds by up to one third over the past 12 months, The Financial Times reports. Advisor firms in the FT's annual top-300 ranking have reduced their hedge fund allocation to

  5. Investing - U.S. hedge fund in anonymous bet against Tesco shares, Hedge funds made repeated attempts to invest in Veneto banks, Steve Cohen's Point72 takes stake in struggling electronics retailer Conn's, Hedge fund Excalibur bets Riksbank will tighten by end of year[more]

    U.S. hedge fund in anonymous bet against Tesco shares From FT.com: A $20bn New York hedge fund is using an offshore shell company to anonymously bet against the shares of the UK supermarket Tesco, raising fresh questions over the efficacy of European short selling disclosure rules.