Wed, Feb 10, 2016
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Alternative Market Briefing

The fund of hedge funds business: a business where people don’t age

Monday, May 19, 2014

amb
Alain De Coster
Benedicte Gravrand, Opalesque Geneva:

Alain De Coster has been managing equity long/short assets since 1994. He is a principal of ABS, a fund of funds house specialized in global equity long/short strategies. The firm also focuses on early investments with small to mid-size investment managers. in a recent Opalesque Radio interview with Sona Blessing, he explains how his fund of hedge funds business gets results, and how he manages early-stage investments, which involves lots of recycling.

Funds of hedge funds (FoHF) are the best gatekeepers, he said. "They know the industry, they have a lot of experience evaluating managers… They have a better alignment of interest (with investors) than service providers because we all want our businesses to be successful."

"So small and mid-size managers should be happy to have a FoHF looking at them and giving them advice," he adds.

FoHFs are also the place where investors discover the new stars, he continues, and as that never lasts forever, the FoHF business is a business where people don’t age – as those that age start a new business.

"We like to have managers manage a portfolio, and when they start running a business, we tend to basically recycle them, and go back to managers managing a portfolio," De Coster explains.

Indeed, ABS believes that size ......................

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. How Einhorn survived a nightmare year[more]

    From Bloomberg.com: Even when a hedge fund has an awful year, which was the case for David Einhorn's Greenlight Capital, there are lessons to be learned. Many funds would have had a tough time surviving a year like Einhorn experienced in 2015, when all the stars seemed to align against him and Green

  2. Legal - Hedge fund founder wins early release in U.S. insider trading case, Gramercy seeking $1.3 billion from Peru over land-bond dispute[more]

    Hedge fund founder wins early release in U.S. insider trading case From Reuters/Streetinsider.com: Former hedge fund manager Doug Whitman on Tuesday won a reprieve from serving the remainder of his two-year sentence for insider trading after several judges expressed skepticism that his 2

  3. Investing - David Einhorn finds a winner in Michael Kors[more]

    From Thestreetinsider.com: Greenlight Capital hedge fund manger David Einhorn took his lumps in 2015. The fund lost over 20 percent on the year amid bets gone bad being long a plunging SunEdison and short a couple high-flying FANG stocks. However, today Einhorn is again showing his stock picking pro

  4. Investing - Avenue Capital's Marc Lasry: We like European bank loans, Comment: A bunch of hedge fund managers are chasing the 'dream of crushing a major structural problem'[more]

    Avenue Capital's Marc Lasry: We like European bank loans From CNBC.com: European banks are under immense pressure, but at least one prominent hedge fund has found what it thinks is a good opportunity in the wreckage. Marc Lasry, co-founder and chief executive of hedge fund Avenue Capital

  5. Credit Suisse cherry picks hedge fund ideas[more]

    From FT.com: Credit Suisse Asset Management plans to cherry pick profitable concepts from hedge funds with the launch in Europe of a “best ideas” strategy. The investment arm of the Swiss bank said the strategy will separate it from other funds blighted by “overcrowding problems”. It comes at a time