Opalesque Roundtable Series - New York 2011Sign up here for our free Roundtable Scripts - get this unique intelligence by email as Opalesque publishes them: Dear Reader, Welcome to our fourth annual Opalesque New York Roundtable! The year so far has been a challenge for investors worldwide, but some astute hedge fund managers participating at our Roundtable were still able to deliver positive returns to their investors. For example, many relative value Mortgage Backed Securities (MBS) strategies delivered double digits returns to investors YTD. Veteran hedge fund manager Bill Collins overweighed Credit Opportunities at 75% and was able to keep his event-driven fund in positive territory as well. The Pendulum Swings Back: “Size kills, and absolute size kills absolutely” Hedge fund administrators report that the large majority of assets flowing into hedge funds are still allocated to the very large funds. Emerging managers launching new funds face more and higher hurdles than before, but that does not deter them to set up shop – service providers tell us they have a substantial pipeline of managers hoping to launch in the next 6 to 10 months. Historically, emerging managers tend to outperform the larger funds - there are various studies about that, and a lot of good, logical reasons. Read in this Roundtable why industry observers believe the pendulum may soon swing back favoring smaller managers, and why investors may soon ask questions like “why am I invested in this big guy who is not quite performing like he used to?” The Roundtable also includes an in-depth analysis of the current debt crisis and a painful, but clear perspective where things are heading in Europe and the U.S.
The Opalesque New York Roundtable was sponsored by Custom House Group and Taussig Capital on September 14th at the Opalesque office in Manhattan with:
Matthias Knab Knab@opalesque.com
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