|
|
Joe Taussig From Precy Dumlao, Opalesque Asia:
The pendulum of fund allocations is swinging back to small and emerging managers that have always been "outperforming the big guys, historically." Although the large majority of assets flowing into hedge funds are still allocated to the very large funds, things are looking up for emerging managers. Those were the assessments given by participants of the latest New York Roundtable sponsored by Custom House Group and Taussig Capital.
"I believe it will rotate, said Joe Taussig, founder of Taussig Capital. He added, "The emerging managers historically have always outperformed the big guys. There are various studies about that and a lot of good logical reasons. During a financial crisis, nobody invests in anything, but when they start to allocate again, people tend to go with the big, recognized names because it is like in the days when people bought computers, nobody got fired for buying IBM. As long as every name was recognized, that made it easy for the people overseeing the investment and allocation process. But down the road, the emerging managers will likely outperform and then people may start wondering and ask questions like 'why do I have this big guy who is not quite performing like he used to?’ To paraphrase Lord Acton, "’Size ki...................... To view our full article Click here
|
|
RSS
