Mon, May 2, 2016
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

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. Hedge funds see $14.3bn outflows in Q1, CTAs and multi-strategy lead net inflows[more]

    Komfie Manalo, Opalesque Asia: The hedge fund industry saw net outflows of investor capital in the first quarter of the year, totaling $14.3bn, data from Preqin showed. This continues from the $8.9bn overall net outflows that funds recorded in Q4

  2. Third Point calls Q1 "catastrophic" for hedge funds[more]

    Bailey McCann, Opalesque New York: The first quarter of this year was rocky for hedge funds based on aggregate performance from the industry, but now we are beginning to hear what the managers thought of it as quarterly letters make their way to investors. Dan Loeb, CEO of New York-based $17 bill

  3. Asia - Stabilization of China's capital outflows may hinge on Janet Yellen, Fink says China to do well this year as bubble threat postponed, Chinese hedge fund to invest in India’s infrastructure[more]

    Stabilization of China's capital outflows may hinge on Janet Yellen From Bloomberg.com: Whether China’s recent stabilization of its currency and capital outflows continues -- or downside pressure reignites -- may hinge in large part on Janet Yellen. If the Federal Reserve chair sticks to

  4. …And Finally - After all, judges are human too[more]

    From Newsoftheweird.com: In March, one District of Columbia government administrative law judge was charged with misdemeanor assault on another. Judge Sharon Goodie said she wanted to give Judge Joan Davenport some files, but Davenport, in her office, would not answer the door. Goodie said once the

  5. Comment - Unmasking the men behind Zero Hedge, Wall Street's renegade blog[more]

    From Bloomberg.com: Colin Lokey, also known as "Tyler Durden," is breaking the first rule of Fight Club: You do not talk about Fight Club. He’s also breaking the second rule of Fight Club. (See the first rule.) After more than a year writing for the financial website Zero Hedge under the n