Wed, Oct 22, 2014
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Alternative Market Briefing

Investors and hedge fund managers must come to a common understanding about what is possible

Thursday, December 13, 2012

amb
Dr. Sassan Zaker
Benedicte Gravrand, Opalesque Geneva:

According to Dr. Sassan Zaker, head of Alternative Investments at the CHF2bn Julius Baer Pension Fund, the key to investing is simplification.

This summer at the GAIM conference, Zaker reportedly called for fundamental changes to the way institutional investors approach hedge fund manager selection and suggested pooling with other pension funds to create a fund of hedge funds.

A lot of people are looking for new ways of defining risk and returns for various asset classes and hedge funds nowadays, he said during Terrapinn’s Hedge Funds World conference in Zurich last month.

But back in the days, "it was like 'Hedge Fund Bazaar’," he noted during his presentation. "You went to the bazaar; you selected hedge funds across asset classes. But a better way of investing in hedge funds is that, we investors define our targets returns and risk budget and then we go to hedge funds and say "can you manage this or not?" This is much more efficient and reduces costs."

Let’s say pension funds in Switzerland, which seek returns of 5% and have $800bn in assets, want to invest 10% in hedge funds, he continued. They send a Request For Proposal and ask hedge funds if they can achieve 5% net. Of course, no hedge fund man......................

To view our full article Click here

Banner

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. Commodities - Oil wreaking havoc on small-cap energy stocks sliding 36%[more]

    From Bloomberg.com: Owning almost anything in the U.S. stock market has been a losing proposition since September. Owning smaller energy companies has been a catastrophe. Hercules Offshore Inc. and Resolute Energy Corp. are among 19 oil-and-gas equities in the Russell 2000 Index that lost more than

  2. Investing - Hedge funds favor equity long/short, Strategic bond managers hedge against further high yield sell-off[more]

    Hedge funds favor equity long/short From Securitieslendingtimes.com: Equity long/short strategies will generate good returns for hedge funds in the future, according to a panel at this year’s Risk Management Association Conference on Securities Lending in Naples, Florida. Panellists Sand

  3. Legal - Ex-hedge fund analyst weeps as judge hands down 5 year sentence, Former Columbus investment manager Steven P. Moore indicted on theft charges, SEBI confirms ban for Hong Kong hedge fund, SEC announces enforcement action against compliance officer[more]

    Ex-hedge fund analyst weeps as judge hands down 5 year sentence From Hereisthecity.com: An ex-hedge fund analyst was sentenced to 5 years in prison for his role in insider-trading scheme. The New York Post reports that former hedge fund analyst Matthew Teeple was sentenced Thursday to fiv

  4. Goldman in talks to acquire IndexIQ[more]

    From Bloomberg.com: Can Goldman Sachs put ETF investors on a liquid diet? Goldman is in talks to acquire IndexIQ, Reuters has reported. Index IQ is a small exchange-traded-fund firm known mostly for products that replicate hedge fund strategies, called "liquid alternative" ETFs. While IndexIQ has 11

  5. Other Voices: CALPERS dilemma should be a warning to hedge funds wanting institutional investors[more]

    From Ian Hamilton, founder of IDS Group. A quick comment on the CALPERS’ disinvestment from the hedge fund market and the jitters it is causing. Pension Funds should not be sheep and follow CALPERS’ decision as the issues that CALPERS has with hedge fund investments are in many ways unique t