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Alternative Market Briefing

Hedge funds that invest in 'people alpha’ outperform peers

Wednesday, October 23, 2013

Komfie Manalo, Opalesque Asia:

A new survey from Citi Prime Finance claims that hedge funds that invest in people management register higher average investment returns than their peers, New York Times reported. The survey corroborates numerous other academic studies that have shown the connection between superior performance and an investment in an organization’s people.

The result of the study contained in a 44 page report entitled Exploring the Concept and Characteristics of 'People Alpha', said that the concept of "people alpha" is the latest potential differentiator for managers in an industry that is becoming increasingly competitive and institutionalized. "Just as hedge funds once claimed 'operational alpha’ as a differentiator, we believe that 'people alpha’ will separate some firms from the pack and will soon become an industry norm," said Sandy Kaul, Global Head of Business Advisory Services at Citi Prime Finance. Citi interviewed a diverse group of 24 hedge funds, each with at least $500m in assets under management to participate in the study and evaluated each firm’s practices by focusing on four key pillars – Talent Acquisition, Talent Retention, Learning & Development and Performance Management.

Citi ......................

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