Thu, May 25, 2017
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. Opalesque Exclusive: Time to invest in robotics? (part 1)[more]

    Benedicte Gravrand, Opalesque Geneva for New Managers: The London-based, Swiss-born manager of the RoboCap UCITS Fund, talks to Opalesque about investing

  2. Investing - Hedge funds have been selling big winners this year, Hedge funds are betting $1 billion that Snapchat shares are going to drop, Here are the biggest bets made by top hedge funds in the first quarter[more]

    Hedge funds have been selling big winners this year From CNBC.com: Hedge fund managers' most popular stock to start the year has been a familiar name that is falling short in terms of performance, while the least popular companies all have been crushing the market. Procter & Gamble

  3. Investing - Third Point's Loeb surfs on as hedge fund washout continues, George Soros has added to his losing bets against the stock market, Hedge funds, VCs and the CIA are throwing money at ex-Bridgewater data scientists' startup, Hedge funds shed retail amid fears of "apocalypse"[more]

    Third Point's Loeb surfs on as hedge fund washout continues From Reuters/Nasdaq.com: Billionaire investor Daniel Loeb said on Thursday that he is still making money even as the hedge fund industry struggles. Loeb, who oversees the $16 billion hedge fund firm Third Point LLC, sa

  4. Investing - Tudor Jones backs AI hedge funds, Massive hedge fund trades highlight insider buying: GE, Pentair, Tempur Sealy, Apollo Global and more, Hedge funds big wigs are buying consumer and selling tech, here's the stocks[more]

    Tudor Jones backs AI hedge funds From FT.com: Hedge fund magnate Paul Tudor Jones has invested in a brace of artificial-intelligence powered "quantitative" hedge funds, underscoring the increasing acceptance that the industry will need to turn more to technology and away from traditional

  5. Soon hedge fund investors won't bet on a man, they will bet on a machine[more]

    From Forexlive.com: The Wall Street Journal is in the midst of a 17-part series that looks at the rise of quant funds. The AUM and money invested in quant funds still trails traditional asset managers but the gap is closing. What's truly amazing is volume. Quant funds make up 27% of trading vo