Wed, Jan 18, 2017
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Alternative Market Briefing

Dexion's Robin Bowie declares the hedge fund of funds' landscape has changed for the best

Friday, June 14, 2013

by Beverly Chandler, Opalesque London:

Robin Bowie, founder of Dexion Capital, a boutique investment bank focused on alternatives, is in defensive mode over the firm’s listed fund of funds (fofs) business, a sector he and his team pioneered in 2000. In its stratospheric rise through the bull markets to 2007/8, the fofs' landscape has changed for the best according to Bowie.

In an interview with Opalesque, Bowie said: "We are at the point where most investors are questioning whether hedge funds are the right way to run money because of the expenses that are involved in doing so and investors also question the funds of funds model because of the additional expenses involved in running funds of funds."

Bowie continued: "So fund of funds have had to rethink their business model and articulate where they add value. In manager selection; manager monitoring and de-selection; negotiation of fees and monitoring and managing risk. Constructing portfolios, managing portfolios; seeking opportunity set change and effective client reporting. Negotiating managed accounts with different objectives to the main fund in order that they can blend the fund of fund correctly." If all of these are done well, Bowie says that this is worth paying for.

Dexion’s two listed funds of funds are Dexion Absolute and Dexion Trading, both up 4.8% to the end of May this year but Dexion Trading is sitting on a discount between ne......................

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. Southpoint Capital gains 3.8% in Q3, bringing year-to-date returns to 5.2%[more]

    From Valuewalk.com: Southpoint Capital Advisors, the $3 billion New York hedge fund founded by former employees of David Einhorn’s Greenlight Capital, added 3.8% net during the third quarter of 2016, bringing year-to-date returns to 5.2% and cumulative returns since inception (July 2004) of 237.4% a

  2. The Big Picture: The case for emerging market debt in 2017[more]

    Benedicte Gravrand, Opalesque Geneva: Emerging market (EM) assets outperformed in 2016 mainly because of stronger fundamentals and an improving international environment, with GDP picking up speed, leading to positive earnings revisions for the first time in five years,

  3. Short Selling - Long-short hedge funds are ditching the shorts to focus on longs[more]

    From Bloomberg.com: What happens when you take the "short" out of a long-short trading strategy? Some hedge funds are about to find out. Equity long-short fund managers, the biggest category in hedge funds, hold the fewest bearish stock bets on record, data compiled by Credit Suisse Group AG s

  4. SWFs - China sovereign wealth fund CIC plans more U.S. investments[more]

    From Reuters.com: China Investment Corporation (CIC), the country's sovereign wealth fund, is looking to raise alternative investments in the United States due to low returns in public markets, its chairman said on Monday. CIC will boost its investments in private equity and hedge funds as wel

  5. Some hedge funds strong start in 2017 nice contrast to 2016[more]

    With the 2016 HSBC Hedge Weekly performance rankings in the books - a year in which the same leader-board entries pretty much dominated unchallenged throughout the year - comes a new leader board that is a hard-scrabble mix of hedge fund styles and categories. What is clear after but a few short wee