Thu, Jun 30, 2016
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. Blackstone buys minority stake in New York-based credit hedge fund Marathon[more]

    Benedicte Gravrand, Opalesque Geneva: Blackstone Strategic Capital Holdings Fund, a vehicle managed by Blackstone Alternative Asset Management (BAAM), has acquired a passive, minority interest in Marathon Asset Management, for an undisclosed sum. Based in New York,

  2. Investing - Soros, Druckenmiller among hedgies profiting in market plunge, Hedge funds were most bullish on bonds since 2004 before Brexit, Surprise Brexit vote unleashes scramble for dollars, High-yield hit on Brexit but no panic selling, Scientist turned hedge fund founder lured to pound, euro, Hedge fund avoids commodities, posts big gains[more]

    Soros, Druckenmiller among hedgies profiting in market plunge From HITC.com: Bullish positions in gold and volatility and well-timed short bets on China and emerging markets, among other areas, were some of the trades that benefited hedge funds on Friday as markets digested Britons' s

  3. Manager Profile - A 26-year old hedge fund manager called Brexit — here's what he thinks about the historic vote[more]

    From Businessinsider.com: Taylor Mann is not your typical fund manager. The twenty-six year old Texas A&M graduate manages Pine Capital in Larue, Texas (population 160), where he resides with his three-year old daughter. Also atypical compared with many of the largest funds out there, Mann makes

  4. People - Mariner Investment’s co-CIO Williams to leave $5.5bn firm, IOOF hires new alternatives portfolio manager[more]

    Mariner Investment’s co-CIO Williams to leave $5.5bn firm From Bloomberg.com: Basil Williams, co-chief investment officer of Mariner Investment Group, is leaving the $5.5 billion hedge-fund firm after negotiations to renew his contract failed. Williams will stay in his role until t

  5. Hedge Fund Due Diligence Exchange offers complete due diligence reports at $1500[more]

    Matthias Knab, Opalesque: HFDDX is offering complete alternative investment due diligence reports at $1500 US. Industry professionals can simply go to www.hfddx.com and indicate their interest in sponsoring one or more DD Reports for $1500 each.