Mon, Feb 20, 2017
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. Europe - Brexit - Updated legal guide, Euro exchange rates set to tumble as hedge fund's super computer predicts Marine Le Pen will be next French president, Swiss fund market hits all-time high[more]

    Brexit - Updated legal guide From Herbertsmithfreehills.com: When we began analysing in depth the possibility of Britain exiting the EU (Brexit), 18 months prior to the June 2016 referendum, the business consensus was very much that Brexit was a remote prospect that either would never hap

  2. People - Gramercy appoints Bradshaw McKee as managing director of Capital Solutions, Trump taps Cerberus's Feinberg to lead intelligence review[more]

    Gramercy appoints Bradshaw McKee as managing director of Capital Solutions Gramercy Funds Management LLC, a $5.8 billion dedicated emerging markets investment manager, today announced the appointment of Bradshaw McKee to the position of Managing Director, Capital Solutions and Distressed

  3. Hedge fund investor redemptions accelerate through 2016[more]

    Despite hedge funds returning 7.40% over 2016, investors continued to withdraw capital over the year; the industry saw overall net asset outflows totalling $110bn in 2016. Preqin's latest research finds that the rate of redemptions accelerated through the year, from net outflows of $14bn in Q1 to $4

  4. Manager Profile - Eddie Lampert: a painful entanglement with Sears[more]

    From Moneyweek.com: "In the long run we are all dead." Lex in the Financial Times reached for the famous quote from John Maynard Keynes in January when, after a long and unforgiving decline, the clock finally appeared to be running out on Sears, the iconic US department store group. Yet the group's

  5. Investing - Hedge funds quit Aberdeen shorts as shares begin to recover, Hedge funds' next big short: U.S. malls, O'Connor fund owns 9.5% of Protalix Biotherapeutics, U.S. hedge fund takes position in Macau hotel The 13[more]

    Hedge funds quit Aberdeen shorts as shares begin to recover From Investmentweek.co.uk: The last two hedge funds to short Aberdeen Asset Management have removed their positions, as the fund group's shares begin to show signs of recovery after a difficult few years. According to the Financ