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Alternative Market Briefing

Hedge funds could see shakeout as equities return to fundamentals based valuations

Thursday, March 14, 2013

Tim Ng
Bailey McCann, Opalesque New York:

Recent shifts in the equities market may lead to a mini-shakeout in the hedge fund industry, according to Tim Ng, Managing Director and Head of Research at Clearbrook Global Advisors. He notes in an interview with Opalesque, that as the equities market is starting to pick up this year, fundamentals driven stock pickers may see improved performance as the dispersion of earnings, revenues, and growth rates between companies widens.

"The equities market has been a big surprise this year, and managers that have discipline and can do a good fundamental analysis may win out over those that have just been capturing the beta in recent markets," he says.

Clearbrook Global Advisors, is a privately held, independent investment management firm for institutional and high net worth investors with more than $40bn in assets under advisement. The firm recently released their 2013 market outlook which details opportunities they see for endowments and foundations in alternatives.

Hedge funds are one of the largest allocations for US university endowments and other institutions, but recent performance is raising questions over fees and the longevity of hedge funds outsized returns. According to Ng, there are still opportunities for institutions but they may need to adjust how they approach more traditio......................

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