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Mike Gibbs-Harris Benedicte Gravrand, Opalesque Geneva:
It is well known that New Zealand hedge fund managers, being somewhat isolated from the rest of the world, travel a lot. They may have SEC-registered funds, clients in Asia, America or Europe (not often local ones), and they will usually hop on a plane to conduct business. But while some like it that way, others find solutions so as not to spend too much time up in the air – and attract capital.
Mike Gibbs-Harris, Director of MGH Asset Management, a SEC-registered firm, is one of those that like it that way. "For me one of the big pluses about being in New Zealand is that it allows you to make very good, very dispassionate decisions," he revealed at the recent Opalesque Roundtable in Auckland. "Everything is a long way away and most of the news happens at night, so you can come in the morning and you have a few hours to properly analyze and contemplate how you to react to the events. The second advantage of being in New Zealand is that it is a very inexpensive place to be based. You can keep going and build your track record without even having $50m or $100m of assets." But, he admitted, the downside is found in marketing and asset growth.
Trafalgar Copley is a fund management firm which has found a ...................... To view our full article Click here
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