Sat, Apr 18, 2015
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. Tiger Global falls 2.9% in March, down 5.3% in Q1[more]

    From Reuters.com: Investment firm Tiger Global Management, one of the hedge fund industry's most closely watched players, told clients that its hedge fund lost 5.3 percent during the first quarter, an investor said on Wednesday. Much of the decline came in March when the fund lost 2.9 percent,

  2. It’s not just hedge funds—IMF study finds stability risks from ‘vanilla’ funds[more]

    From MarketWatch.com: Leveraged hedge funds and banklike money-market funds are the parts of the asset-management industry most associated with risks to financial stability. But a report from the International Monetary Fund suggests that “plain-vanilla” mutual funds and exchange-traded funds also ca

  3. Hedge funds gain 2.4% in Q1 driven by currency and commodity markets[more]

    Komfie Manalo, Opalesque Asia: Hedge funds posted positive results last March to conclude a strong first quarter, with performance driven by strong macro trends in currency and commodity markets, complemented by broad-based gains and positioning in event driven, equity hedge and fixed income-b

  4. Hedge funds looking to continue their rally in Q2[more]

    Komfie Manalo, Opalesque Asia: Hedge funds finished the first quarter on a strong note and are looking to continue the rally in the second quarter, said Lyxor Asset Management in its Weekly Brief. The Lyxor Hedge Fund Index is up 0.4% over the week

  5. Hedge funds down -0.17% in March (+1.23%YTD)[more]

    Bailey McCann, Opalesque New York: The hedge fund industry produced an aggregate return of –0.17% in March to end Q1 2015 up 1.23%, compared to the S&P 500 which increased 0.96%, according to the latest data from eVestment. Hedge fund performance returns were mixed in March amid increased equity

 

banner