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From Precy Dumlao, Opalesque Asia:

A well-educated client is crucial to the success of a hedge fund manager, as well-informed clients tend to be long-term clients. Clearly conveying the risks and rewards involved in the fund's strategy should be a main focus of each manager, said fund managers who attended the recent Opalesque New York Roundtable.

However, Robert Kiernanthe, CEO of $2.1bn specialty asset management firm Advanced Portfolio Management lamented that the asset management industry (not only hedge funds) at large has not done much to educate investors. He considers this to be ironic, considering that " informed and well-educated clients are always long-term clients."

Kiernanthe advised fund managers to write and publish in journals and to participate in seminars and conferences that provide an educational dimension. Although he said such activities may not always yield immediate return on investment, they do go a long way in growing your own knowledge base.

"We think it makes us better investors and better able to understand, define, and find solutions for the problems that our clients bring us," Kiernanthe added.

His position was echoed by Sam Barai, Principal and Portfolio Manager of Barai Capital, a fund management firm with $100m in AuM, who said that he sees education as critical to the success of his......................

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