Sat, Mar 28, 2015
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Alternative Market Briefing

Family offices look for niche investments in the hunt for returns

Wednesday, May 21, 2014

amb
Ram Ahluwalia
Bailey McCann, Opalesque New York:

As hedge funds mature, the type of investments most managers are making these days are less risky and closer to institutional expectations of acceptable trading strategies. For family offices that aren't bound by public interest concerns, finding hedge fund managers that can bring niche strategies to bear in a portfolio are more appealing. In a recent Opalesque TV interview, Ram Ahluwalia, CFA, Portfolio Manager at family office Winged Foot Capital sat down with moderator Michael Oliver Weinberg to discuss where he finds opportunity in this market.

"We’re heavily invested in alternatives, but I don’t have a crystal ball. I look for managers that have a relative value exposure, that have tight nets operating in niche constrained markets," Ahluwalia says.

To that end, Winged Foot is predisposed to relative value managers and more specifically, relative value managers that are looking into sectors like Biotech or SmallCap equities.

Notably, Ahluwalia says of the 30 managers they are invested with they have zero equity long short managers, and zero global macro managers. "I think its very difficult to get a competitive advantage in the equity long short market. The competition is heavy, no one has a real edge - the same is true in global macro."

When it comes to evaluating opportunities and managers, he says he prefers to look at factors like ......................

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. Other Voices: Does the hedge fund industry benefit society?[more]

    This article was authored by Don Steinbrugge, Chairman of Agecroft Partners, a US-based global consulting and third party marketing firm for hedge funds. It is no secret that the hedge fund industry is viewed negatively by a la

  2. Private credit comes into focus for investors[more]

    Bailey McCann, Opalesque New York: As investors look for a way out of the low yield/no yield environment, private credit is becoming an increasingly attractive asset class, according to a white paper from Bayshore Capital Advisors. Private credit has grown steadily since the financial crisis as

  3. Other Voices: The role of diversification in CTA portfolios[more]

    2014 brought a resurgence of managed futures strategies, or CTAs, which performed very well as a whole, outperforming all other hedge fund strategies. However, a closer look reveals that there was a wide range of performance, or return dispersion, across managers. The bottom line? Not all CTAs

  4. Neuberger Berman unit buys 20% stake in activist hedge fund Jana Partners for $2bn[more]

    Komfie Manalo, Opalesque Asia: Neuberger Berman’s unit Dyal Capital Partners bought a 20% stake in activist hedge fund firm Jana Partners worth $2bn, WSJ.com reports. The deal comes as activi

  5. Hedge fund launches fall again, $1bn funds found to outperform even smaller hedge funds[more]

    Komfie Manalo, Opalesque Asia: The number of new hedge fund launches fell again in 2014, the third consecutive year of decline, while fund liquidations saw their first drop since 2010, according to the latest HFR Market Microstructure Industry Report released by industry data provider HFR. Acc

 

banner