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From Kirsten Bischoff, Opalesque New York:
While regulation to increase hedge fund reporting to the SEC has not progressed very far, hedge fund managers themselves are adapting to investor demands for transparency, looking to set themselves apart and gain the attention of those returning assets into hedge funds.
In a post-Madoff era, transparency and liquidity are crucial characteristics for hedge funds to have, if not an absolute requisite for investors, and their assets. According to people close to the team at newly formed SEAL Capital, the desire to meet investor demand for transparency is one of the key driving forces behind their global macro strategy.
The Los Angeles-based global macro hedge fund was previously managed through Seagate Global Advisors by portfolio managers Toby Chandler and R. Michael Reveley. With the blessing of the Fund's investors, Chandler and Reveley recently spun out, establishing SEAL Capital as a separate entity, and moving to further grow the assets of the $50m fund.
Passing on the benefits of liquid investments
Investors returning to the markets have also made it clear, through the growing use of managed accounts that liquidity is of utmost importance to them. For strategies such as global macro that often invest in liquid securities, passing on that liquidity to investors will be an important step in gaining their trust (even for those managers, like SEAL C...................... To view our full article Click here
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