Opalesque Roundtable Series - West Coast 2011
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In our third Opalesque West Coast Roundtable we once again met with distinguished hedge fund managers and hedge fund investors from the region to speak and examine a wide range of relevant topics for our industry:
Why family offices shift assets from mega funds to smaller funds
As hedge funds have gone from $1 billion to $5 billion and then to $25 billion, investors feel they became a kind of commodity “sitting on a conveyor belt”. They are more distanced from the investment manager and complain about “canned” answers from IR rather than being able to have thoughtful discussions with investment managers. While the so-called mega funds can serve a purpose in a portfolio, some family offices prefer to rejuvenate the gene pool of their portfolios and are in fact “excited” about current opportunities with some smaller funds. Another consequence of the industry's asset concentration with the largest funds is that it has actually changed the due diligence process.
Should all hedge fund managers try to "manage the macro"? And if so, how?
In current times of uncertainty, many equity long/short managers who typically have been bottom up are now wanting to add a macro component to their portfolio management, usually by adjusting exposures more often. How should a hedge fund manager, that is not a global macro manager, go about “managing the macro”? And what do investors think about this trend?
Hyper Growth to create tensions – the demise of paper money?
Mapping countries like Japan, Taiwan, Singapore, Korea and Chile against the currently emerging China and India shows how the world is going to look like over the next 10 or 20 years. Hear the Roundtable speculate on some of the consequences of this hyper growth pattern that 50% of the planet's population is entering at this time. Until what point will paper money continue to devalue versus hard assets? How can systematic traders and CTAs help investors in such scenarios?
In this Roundtable, you will further read about:
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