Mon, Nov 20, 2017
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Alternative Market Briefing

To focus or not to focus? When asset managers try their hands at too many things

Wednesday, August 30, 2017

Komfie Manalo, Opalesque Asia:

Fund managers could be tempted by investor requests to do too many things in their pursuit of performance that they can lose focus on their core strength and purpose, stated participants of the latest Opalesque 2017 Nordic Roundtable.

Henri Österlund, founder of activist investing firm Accendo Capital, said that he has been getting plenty of questions and demands from prospective investors that tend to veer away from his primary goal, which is to look for good investment ideas that generate profits.

He said, "Let me explain by reflecting on our experience and what people are asking us to do. We have been going through different phases where people came to us and say, 'Yes, it's a nice product, but it should be market neutral!', or 'How are you hedged against these currencies and those events?', or 'What's your overall view on the equity market?'"

After hearing all these questions and demand for some time now, Österlund said that he [as activist investor] took the position not to focus on other people's concerns, "because that's not our work." He added, "Our work is to find good investment ideas, invest in them and then make sure that the portfolio is performing, and by that I mean that the companies are operationally performing well and creating value. And that's our niche, our strength and our stra......................

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. Middle East - Saudi-Iran war would create this domino effect of global disaster, Saudi billionaires said to move funds from region to escape asset freeze[more]

    Saudi-Iran war would create this domino effect of global disaster From CNBC.com: Events appear to be spinning out of control in the Middle East, and the threat a Saudi-Iranian war is looking increasingly credible. Make no mistake, an out and out conflict between the two nations would be

  2. Paradise Papers - Robert Mercer's effort to avoid taxes appears in Paradise Papers, Tycoon made $41m from 'people's fund', Oxford and Cambridge 'investing millions of pounds offshore', Paradise Papers reveal[more]

    Robert Mercer's effort to avoid taxes appears in Paradise Papers From Therealnews.com: The Guardian has reported that conservative billionaire and Trump backer Robert Mercer "appears as a director of eight Bermuda companies in the Paradise Papers," the trove of documents reviewed by the

  3. Wall Street hedge fund veteran hits highs with copycat tactics[more]

    From FNLondon.com: A Wall Street veteran who has made big returns for wealthy clients by piggybacking on the strategies of well-known hedge funds is taking his novel approach to stock-picking to institutional clients. Dixon Boardman, chief executive of $2.5bn fund of hedge funds Optima Fund Ma

  4. Launches - Eaton Vance, Oaktree to launch diversified credit NextShares fund, FIM launches Nordic AI-powered fund[more]

    Eaton Vance, Oaktree to launch diversified credit NextShares fund Eaton Vance Management, a subsidiary of Eaton Vance Corp., announced the expected mid-November launch of Eaton Vance Oaktree Diversified Credit NextShares, a new Eaton Vance-sponsored exchange-traded managed fund. Eaton Va

  5. Outlook - Gundlach's stock market warning comes true[more]

    From Bloomberg.com: Jeffrey Gundlach has been warning something's got to give. Based on the past two days, looks like we have our answer. Stocks fell around the world a second day and high-yield bonds headed for a fourth straight loss, resuming a historic correlation that the hedge fund manager on W