Thu, Jul 30, 2015
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
New Managers March 2012

Q&A
A researcher's view on what investors want from emerging managers

People always want to know about emerging managers

Katherine Hill

Katherine Hill, managing director at Geneva-based Palladio Alternative Research, conducts in-depth research for investors of all types. She finds that if the investor already has a deep understanding of the strategy of the new fund, the fund manager doesn't have to start from the beginning. Also, the timing of the track record is important. The most important things to assess in a new manager, according to her, are core competence and operational set-up - not necessarily performance. Furthermore, for investors, choosing the right individual is more important than the strategy of the fund.

Also, investors also love the idea of discovering new talent or getting in early. Discoveries such that of ThirdPoint, which grew from $20m in 1996 to $1.9bn and has annualized 16%, or Lansdowne UK, which grew from $890m in 2001 to $9.5bn and which has annualized 11%, or still, Brevan Howard, which grew from $1bn in 2003 to $25bn, and with annualized returns of 13% (figures from HSBC ), serve as great past examples.

Opalesque asked Katherine Hill to talk about her research procedures and the trends she has been observing of late.

Opalesque: Do you research emerging hedge fund managers for institutional clients or other clients?

Katherine Hill: The hedge fund research that I conduct can be applied to all investor types, institutional clients but also high net worth individuals and family offices. I found all investors are interested in emerging hedge fund managers; they are not always ready to allocate to them but they definitely want research on them.

The research that ......................

To view our full article please login

This article was published in Opalesque's New Managers a top-down monthly analysis, news and research publication on the global emerging manager space.
New Managers
New Managers
New Managers

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. Opalesque Exclusive: Despite bumpy June/July, CTAs hold on[more]

    Bailey McCann, Opalesque New York: To say that things have been rocky in managed futures recently is putting it mildly. In June, the industry saw its worst month on a performance basis in the past four years. Then yesterday,

  2. Opalesque Exclusive: Michael E. Lewitt: Greece, Puerto Rico, China stock market problems are symptoms of global underlying disease[more]

    Benedicte Gravrand, Opalesque Geneva: Michael E. Lewitt, manager of the Third Friday Total Return Fund, L.P., author and market commentator, says in a Q2 letter

  3. Investing - Hedge funds, seeing opportunity, invest in struggling hotels in Puerto Rico[more]

    From NYTimes.com: Puerto Rico’s tourism industry has fallen victim to the island’s struggling economy, hit by one misfortune after another. In March, the San Juan Beach Hotel filed for bankruptcy. This week, the Condado Plaza Hilton was forced to close its casino. But nearly two thousand miles away,

  4. Investing - Hedge fund billionaires bet on London as revival gathers pace[more]

    From Bloomberg.com: London’s fund industry is bouncing back, and U.S. billionaires Steven A. Cohen and Ken Griffin are grabbing a piece of the action. Griffin’s Citadel and Millennium Management, a hedge fund run by Israel Englander, have bulked up in London, where asset growth is outpacing the U.S.

  5. Opalesque Exclusive: London quant shop launches new improved strategy[more]

    Benedicte Gravrand, Opalesque Geneva for New Managers: Simon Wajcenberg, CEO of K1T Capital Ltd, a systematic quant based hedge fund asset manager based in London

 

banner