Mon, May 25, 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. Comment - Top hedge fund managers talk about how easy their jobs have gotten, BlackRock to Schroders warn of Argentina’s $20bn bond glut, The 35-year “investment supercycle” is drawing to a close, says Bill Gross, Gundlach: When the Fed starts hiking rates, 'GET OUT' of this asset class[more]

    Top hedge fund managers talk about how easy their jobs have gotten From Businessinsider.com.au: Time was, before the financial crisis hit, corporate boards treated multi-billion dollar hedge fund managers like Jehovah’s Witnesses pounding on their doors and flashing bibles. But no more.

  2. T Rowe's challenge to Dell deal may fuel critics of 'appraisal'[more]

    From Reuters.com: An increasingly popular tactic used by hedge funds and others to extract more money from buyouts could soon face a major courtroom test when a big investor in Dell Inc may argue that it should be paid a higher price for the 2013 acquisition of the PC maker. The strategy, known as "

  3. News Briefs - Ergen says LightSquared plan unfairly favors hedge funds, Why hedge fund managers make good advisory clients, I learned a lot about dad-bros after spending 4 days in Vegas with 2,000 hedge funders[more]

    Ergen says LightSquared plan unfairly favors hedge funds LightSquared Inc.’s bankruptcy plan gives hedge funds that invested in the broadband company a leg up while blocking telecommunications firms from competing with it, a fund owned by Dish Network Corp. Chairman Charles Ergen said in

  4. Opalesque Exclusive: SEC approves proposed changes to Form ADV, '40 Act - comment period to follow[more]

    Bailey McCann, Opalesque New York: Hedge funds and providers of liquid alternatives will want to pay close attention to proposed reforms approved by the SEC yesterday. The changes will require more frequent reporting, as well as a closer look into social media, liquid alternative strategies, and

  5. New market regime has created more dispersion between managers[more]

    Komfie Manalo, Opalesque Asia: The month of April has marked the transition toward a new market regime, Philippe Ferreira, Lyxor AM’s head of research, managed account platform, commented in the May 5's Weekly Briefing. "The first quart

 

banner