“Ultimate” risk management, how to raise assets, and how to deal with high frequency traders?
The new 2011 Opalesque Boston Roundtable offers plenty food for thought, advice and strategies how hedge funds can market to family offices, fund of funds, pension funds, consultants, foundations and endowments, registered investment advisors and ERISA investors, and set up mutual or closed-end funds:
Why are the ERISA and RIA communities interested in hedge funds and alternatives now?
What type of funds are they looking for?
What is the best way to market to ERISA investors and RIAs?
Can and should hedge fund managers set up mutual funds or closed-end funds?
Which type of strategies can hedge fund managers run in a mutual fund format? What are the advantages for hedge fund managers running mutual funds? Can closed-end fund structures be an alternative?
High-frequency traders: A blessing or a curse?
Frontrunners or liquidity providers? Reducing transaction costs for all investors, or putting the financial markets at great risk? Are they “just noise”, or drive retail investors out of the market? How do hedge funds deal with them? How have high frequency traders changed the way other hedge funds invest?
Is risk management just fighting the last war while remaining exposed to new risks?
Many hedge fund managers do not use VAR or complex algorithms for their risk management, saying the fundamental flaw with most established risk management tools is that they look backwards. But knowledge of the past can only teach you so much when it comes to future risks. Everyone had access to all the past data, and yet many large, diversified funds with substantial risk-management teams weren’t saved in 2002 or 2008. Everyone operating off the same historical data and memorable precedents is exactly what causes so many to fight the last war and remain exposed to new risks.
So, what really works in risk management? What is the “ultimate” risk management? And, what is the single most important mistaken assumption investors, and especially quants, have fallen into in terms of risk management?
Hear more about these questions from:
Craig Kelleher, Co-Founder and Chief Investment Officer, Millstreet Capital
Frank Casey, Managing Director, Skyview Investment Advisors
George Tall, Founding Partner, Burl Capital
Kirt Corregan, Partner, Tara Hill Capital
Michael Dunn, Chief Research Officer, TruColor Capital Management
Natasha Koprivica, Senior Vice President, Venus Capital Management
Peter Kolchinsky, PhD, Managing Director, RA Capital
Steven Giordano, Partner, Bingham McCutchen
Ted Kellogg, Portfolio Manager, GRT Capital Partners
The Opalesque 2011 Boston Roundtable took please October 2011 and was sponsored by Custom House Group and Bingham McCutchen. This Roundtable also discusses:
How much of a fund's risk management needs to be disclosed in the DDQ document?
How can the TIPS formula improve due diligence?
How can investors best integrate and use highly concentrated hedge funds?
Why is emerging market debt experiencing significant traction from institutional investors like sovereign wealth funds?
Why it is important that investors understand the debt deflation phenomenon and its likely effects on the equity markets?
The Opalesque Roundtable Series offers unparalleled intelligence on the most important global hedge fund jurisdictions and their players. The Roundtable Series is a free publication from Opalesque and is continually updated. Please scroll down to view the full selection of our Roundtables - covering the globe!