Fri, Dec 19, 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. Investing - Big hedge funds win again on PetSmart, Riverbed, RBS sells real estate loans to hedge fund Cerberus, Talisman energy speculation: Which hedge funds could benefit?[more]

    Big hedge funds win again on PetSmart, Riverbed From CNBC.com: Another week, another set of wins for activist investors. On Sunday, pet supply retailer PetSmart agreed to the largest leveraged buyout of the year at $8.7 billion. Hedge fund firm JANA Partners had been pushing for a sale a

  2. Outlook - Hedge fund manager who remembers 1998 rout says prepare for pain, Bond guru Bill Gross predicts U.S. economic growth to dip to 2%[more]

    Hedge fund manager who remembers 1998 rout says prepare for pain From Bloomberg.com: Stephen Jen landed in Hong Kong in early January 1997 as Morgan Stanley’s newly minted exchange-rate strategist for Asia. He was soon working around the clock when investors began targeting the region’s

  3. Investing - Hedge funds get boost from healthcare in 2014, Paulson & Co takes stake in Salix on heels of inventory issues[more]

    Hedge funds get boost from healthcare in 2014 From Valuewalk.com: The healthcare sector started the year on a turbulent note, as stocks of many major biotechnology companies were battered. However, most of the players in this sector have bounced back. The BarclayHedge Healthcare & Biotec

  4. Opalesque Exclusive: U.S. legal receivables fund launched in August[more]

    Benedicte Gravrand, Opalesque Geneva for New Managers: Investing in asset-backed receivables is a strategy that has been an integral part of the alternative investment space within the overall fixed income asset c

  5. Comment - High fees and low performance hit hedge funds[more]

    From FT.com: Disenchantment over high fees and lackluster performance may finally be turning the tide against hedge funds, fresh data suggest. Despite generally weak returns since the global financial crisis, hedge funds have enjoyed positive net inflows every year since 2010. This helped assets und