•  
• Tweet
•  
•        Print
•  
•         Track Keywords
•  
• 

From Precy Dumlao, Opalesque Asia:

The abundance of talent in Boston is the primary reason for the convergence of traditional and alternative asset managers, said Kevin Divney, CIO of BeaconCrest Capital Management, a Boston-based L/S equity focused on U.S. stocks, during the recent Opalesque Boston Roundtable.

"A big positive driver is the abundant training that is offered here. Great talent comes through the traditional, large firms in Boston here where people get solid traditional training early in their career, and this talent can then be used by the alternative managers as well. We also see evidence on the side of the larger firms where they try to run hedge fund-like and capital preservation strategies and wrapping them different ways," said Divney.

Divney explained that the relationship between traditional and alternative fund managers started when traditional big firms realized that they did not know what "innovative" (alternative) firms were doing but were generating clients and good returns. The demand of clients to be served the kind of services they want, was the glue that kept the two worlds - alternative and traditional - to converge, cooperate and co-exist, he said.

Boston a great place to manage money Erick Brock, Portfolio Manager at Clough ......................

To view our full article Click here