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From Precy Dumlao, Opalesque Asia:
“Everything is big in Texas,” they say. But here in the lone star state where size matters, even the small ones are given the opportunity to grow into something big.
Speaking at the most recent Opalesque Roundtable: Texas, Craig Caudle, CEO and Principal of Liberty Funds Group which advises approximately $100m in assets, said it is common in Texas for even a start-up manager to have an audience with a Forbes-400 billionaire, something that is unheard of in other parts of the U.S.
“There is a high trust level involved in order to get funding here, a lot depends who you are, who you have worked with, etc. A Forbes-400 billionaire may take a meeting from a startup, which you might not see happening that often in other parts of the country,” Caudle told the Roundtable.
He explained that in Texas, the most important thing is a manager’s credentials and not the firm that he or she represents. Another benefit to being located in Texas is the very tight knit community of high net worth individuals, some of whom have been very strong supporters of hedge funds (See: Opalesque Exclusive: Texas managers have access to concentrated high net worth population here).
Shaun Jordan, Marketing Director for m...................... To view our full article Click here
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