Tue, Sep 30, 2014
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Alternative Market Briefing

Mutual fund turned hedge fund manager, Robert Sanborn calls fixed income securities 'the mother of all bubbles’

Thursday, April 25, 2013

amb
Robert Sanborn
Bailey McCann, Opalesque New York:

In the new era of hedge fund managers embracing the mutual fund, you don’t often hear about a manager going the other way, but that’s just what Robert Sanborn did. Until 2000, Sanborn managed the Oakmark Fund a mutual fund based in Chicago. Now, he manages Sanborn Kilcollin Partners, a $200m long-short equity fund. He recently spoke with Greg Despolberch in for an Opalesque TV interview.

"When you are in the public arena, in a mutual fund, you spend a lot of time presenting, being on TV, frankly. You really have to be as visible as possible, and that’s a key part of the job," Sanborn says. As a hedge fund manager his role has shifted, "In a hedge fund environment, you have less money generally. Although there are some firms that have become very institutionalized, we are not one of them, and it gives you the ability to be much more flexible on the investment side."

Since making the transition, Sanborn says he enjoys working with sophisticated investors that know what they want. His hedge fund perch also gives him different view of the market, and he says the "mother of all bubbles," is on the horizon for fixed income securities.

He says that the "desperate reach for yield" makes many investments suspect. "I would suspect that they trade at higher values than they otherwise would."......................

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. Socially responsible investments grow in demand, but performance questions persist[more]

    Komfie Manalo, Opalesque Asia: A study by financial services firm TIAA-CREF showed that interest in socially responsible investing (SRI) is increasing rapidly, but investors are still asking if investing in an SRI strategy

  2. Regulatory - Ireland launches structure for passporting loan origination funds within EU[more]

    From Asiaasset.com: The Irish Funds Industry Association (IFIA) has introduced new loan origination capabilities that will offer Asian managers and investors a new structure under the European Union’s (EU’s) Alternative Investment Fund Managers Directive (AIFMD). The new structure will allow the mar

  3. Europe - Ed Miliband's war on hedge funds could damage City of London[more]

    From Telegraph.co.uk: Ed Miliband’s plans to wage war on hedge funds could be potentially more damaging to the City of London than even the financial transaction tax (FTT), senior banking sources warned on Tuesday night. The Leader of the Opposition took aim at a number of industries as part of his

  4. News Briefs - SEC probes Pimco ETF over pricing irregularities, BEPs: Action plan released and UK first to adopt country-by-country reporting[more]

    SEC probes Pimco ETF over pricing irregularities The Securities and Exchange Commission is investigating Pimco’s pricing of exchange traded funds, the latest cloud to hang over the world’s largest bond manager, which has been dogged by poor performance and management infighting. Pimco on

  5. Outlook - Julian Robertson: There are two bubbles that can bite us[more]

    From Businessinsider.com: Legendary hedge fund manager Julian Robertson gave a warning about two bubbles that could "bite us" at Bloomberg Market's Most Influential Summit. "I agree with the fact that the economy is definitely getting better. I think the cause of that is two bubbles that will