Tue, Sep 26, 2017
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Alternative Market Briefing

Better to have best managers in unattractive strategies than mediocre managers in best strategies

Wednesday, October 16, 2013

amb
Umberto Boccato
Benedicte Gravrand, Opalesque Geneva:

Umberto Boccato, CIO of Alternative Investments at Mirabaud, an international financial group that offers private banking and asset management services, talks to Opalesque from his Geneva offices about the company’s funds of hedge funds.

Mirabaud was one of the first Swiss banking establishments in the 1970s to invest in hedge funds. Its Asset Management unit is one of those funds of hedge funds firms that don’t just run funds of hedge funds but also offer advisory and recommendations and due diligence services as well as specific mandates and managed accounts. It manages $5 billion of which $2.5 billion are through funds of hedge funds or managed accounts. Five funds of hedge funds invest in 120 underlying funds, and are managed by a team of 20.

Umberto Boccato: The common underlying theme of our product is, we see them more as a vehicle to give access to our clients to what we think some of the best talented managers. And what we favour in terms of managers is obviously experience. The other feature that we look for is alignment of interest, so we welcome a lot of managers who put their personal wealth in the fund; they are much more focused on compounding their wealth rather than just seeking to gather assets.

Opalesque: Yes, and you also select managers ......................

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. iCapital Network enters deal to acquire innovative U.S. private equity access fund platform from Deutsche Bank[more]

    Komfie Manalo, Opalesque Asia: Financial technology platform iCapital Network has entered into a definitive purchase agreement to acquire the US Private Equi

  2. Neuberger Berman closes $1.1bn Credit Opportunities Fund[more]

    Neuberger Berman, a private, independent, employee-owned investment manager, announced that NB Private Equity Credit Opportunities Fund LP closed on $1.1 billion of limited partner commitments. The Fund seeks to invest in the secured and unsecured debt of private equity-backed companies, primarily i

  3. Capital Dynamics launches mid-market private credit business[more]

    Capital Dynamics, a global private asset manager, has launched a dedicated Private Credit Asset Management business. Experienced industry executives Jens Ernberg and Thomas Hall have joined Capital Dynamics to co-lead the company's new private credit initiative. They are based in Capital Dynamics' N

  4. Artificial intelligence may replace 40% of all jobs: Bridgewater founder Ray Dalio[more]

    From Foxbusiness.com: Bridgewater Associates founder Ray Dalio said Friday that almost half of the jobs in the next two decades will be replaced by artificial intelligence. "By in large, the world is going to largely consist of people who can take language and put it into code, which then allo

  5. Opalesque Exclusive: US investment firms must have tailored cybersecurity policies and procedures in place[more]

    Benedicte Gravrand, Opalesque Geneva: Cyber attacks are on the increase. One of the last victims was Equifax, a US credit scoring agency. As a result of its insufficient cybersecurity program, the agency was slapped with state and federal investigations, private lawsuits and a summons for chief e