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Alissa Douglas From Kirsten Bischoff, Opalesque New York:
Recognizing that the hedge fund industry has gone through a time of growth that has split funds into two camps, large, multi-billion dollar funds, and smaller, boutique managers, family office CM Capital Corporation is looking to invest in funds with under $1bn in assets. “Right now we are really trying to re-seed the gene pool and find some managers that are under a billion dollars, and we think can be nimble and find opportunities that the big players just cannot think about, given their size at the moment,” Alissa Douglas, Director, Hedge funds and Public Markets for CM Capital Corporation told Opalesque’s Matthias Knab during a recent interview on Opalesque TV.
This recognition on the part of investors that the industry is going through a generational shift that has seen older funds grow into behemoths and younger funds with solid performance sometimes stagnate at mid-sized asset numbers, bodes well for funds that launched pre-crisis and managed to perform well and stay alive. As savvy investors such as CM Capital (which is the Palo Alto, CA based family office of the Cha family) look to infuse this next generation of managers with capital, they will likely be determining which firms will be the next industry leaders post-financial crisis.
Douglas, who approaches investing with consideration as to macro trends and the cyclical natur...................... To view our full article Click here
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