Mon, Mar 30, 2015
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Alternative Market Briefing

How fund of hedge funds houses Cube Capital, Signet have innovated since '08

Thursday, June 27, 2013

amb
Scott Gibb
Benedicte Gravrand, Opalesque Geneva:

The fund of fund space has seen significant changes since the financial crisis, and the less value-added methods have been disappearing. A couple of fund of hedge fund managers describe how their companies have been adapting to the post-2008 environment during the recent Opalesque UK Roundtable.

Scott Gibb, Partner and Portfolio Manager at Cube Capital, a $1.3bn alternative asset management business, said: "The so-called 'concierge' model whereby the fund of funds (FoF) simply provided access to hedge funds.... has been dis-intermediated by investment consultants to a large degree – they do research on large, brand name managers and make recommendations to large allocators as to which one to invest with, charging a small fee for the advice. This is rational as the 'concierge' fund of funds typically underperformed given their high and undeserved fees."

There are models that are still alive and that are thriving, he continues. The very large FoF, which offer lower fees, high diversity, low volatility products and managed accounts continue to attract assets. So do those which offer specialised products such as macro, fixed income, or emerging market products. They are different from concierge funds in that add value in such things as heightened transparency, extensive due diligence......................

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. Other Voices: Does the hedge fund industry benefit society?[more]

    This article was authored by Don Steinbrugge, Chairman of Agecroft Partners, a US-based global consulting and third party marketing firm for hedge funds. It is no secret that the hedge fund industry is viewed negatively by a la

  2. Private credit comes into focus for investors[more]

    Bailey McCann, Opalesque New York: As investors look for a way out of the low yield/no yield environment, private credit is becoming an increasingly attractive asset class, according to a white paper from Bayshore Capital Advisors. Private credit has grown steadily since the financial crisis as

  3. Other Voices: The role of diversification in CTA portfolios[more]

    2014 brought a resurgence of managed futures strategies, or CTAs, which performed very well as a whole, outperforming all other hedge fund strategies. However, a closer look reveals that there was a wide range of performance, or return dispersion, across managers. The bottom line? Not all CTAs

  4. Neuberger Berman unit buys 20% stake in activist hedge fund Jana Partners for $2bn[more]

    Komfie Manalo, Opalesque Asia: Neuberger Berman’s unit Dyal Capital Partners bought a 20% stake in activist hedge fund firm Jana Partners worth $2bn, WSJ.com reports. The deal comes as activi

  5. Hedge fund launches fall again, $1bn funds found to outperform even smaller hedge funds[more]

    Komfie Manalo, Opalesque Asia: The number of new hedge fund launches fell again in 2014, the third consecutive year of decline, while fund liquidations saw their first drop since 2010, according to the latest HFR Market Microstructure Industry Report released by industry data provider HFR. Acc

 

banner