Thu, Aug 28, 2014
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. Study shows what resonates with investors: 'Unwavering', 'passionate' beats 'committed', 'dedicated' and more surprises[more]

    Komfie Manalo, Opalesque Asia: A new study by Pershing Square, a unit of BNY Mellon company, showed that an effective value proposition strengthens audience connections and fosters growth, yet many advisors have had little objective guidance in formulating such statements until now. In the

  2. Hedge fund assets decline in July - eVestment[more]

    Bailey McCann, Opalesque New York: Total assets in hedge funds declined in July and dropped 0.49%, marking the industry's second monthly asset decline in 2014, according to the latest asset flows data from eVestment. Despite the asset decline, total industry AUM remained above the $3 trillion

  3. AIMA makes 'the case for hedge funds'[more]

    Bailey McCann, Opalesque New York: The Alternative Investment Management Association (AIMA), the global hedge fund industry body,

  4. Managed futures' global diversification is important in next phase of economic recovery[more]

    Komfie Manalo, Opalesque Asia: The global diversification provided by managed futures may prove to be extremely valuable as the markets enter the next phase of the economic recovery, said Campbell & Company, a pioneer in absolute return invest

  5. Ex-UBS prop trader's hedge fund Manikay Partners eyes UK launch[more]

    From eFinancialnews.com: Manikay Partners, a $1.7 billion US multi-strategy hedge fund set up in 2008 by a proprietary trader from UBS with backing from Goldman Sachs, is planning to open in the UK. New York-based Manikay's move into Europe comes after Financial News revealed on Monday that Aurelius