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Komfie Manalo, Opalesque Asia:

More firms are hiring portfolio managers to run certain strategies in-house rather than externally as institutional investors require more transparency from wealth managers, said Antoine Haddad, founder and CIO, Bainbridge Partners, a wealth management company based in London with $850m in assets.

Haddad made the statement at the recent Opalesque 2014 U.K. Roundtable sponsored by Salus Alpha Group and Eurex.

Haddad explained, "The new development on that front is that we are internalizing some of the alpha strategies that we used to access via allocations to third party funds. Instead of allocating the assets of our pure-alpha 'Aperio Master AlphaStrategy’ product to external managers, we are hiring portfolio managers to run those strategies in-house. We are doing this because institutional investors, in the current risk compliance climate, are requiring full transparency from us, down to the position level, something we weren’t able to offer as a traditional fund of hedge funds."

The scenario has led wealth manager to build their own internal systematic trading strategies and prop-trading teams, replacing some of the external m......................

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