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Ben Deschaine Benedicte Gravrand, Opalesque Geneva for New Managers: A partner at an advisory firm talked about his focus on smaller hedge fund managers, and increasingly, alternative mutual fund managers during the recent Opalesque Boston Roundtable.
"The asset flow to hedge funds these days continues to go to the largest managers, and that has created a very interesting and unique opportunity for our business," says Ben Deschaine from Balter Capital Management, a Boston-based specialty research firm that helps clients get invested in hedge funds. His firm has always had a focus on smaller managers, he continues, as they add the most value, they are truly proactive, and deliver alpha over time.
As institutions are moving into the hedge fund space, they are changing the landscape by demanding more compliance and risk management. So the industry’s focus has shifted significantly, and some of its strengths have been undermined.
"At Balter," he continues, "we have recently made a commitment to the mutual fund business because we see a big opportunity for small and mid-sized managers. This is largely due to the fact that the capital raising mechanism for small or mid-sized hedge funds is broken. In the past, a manager was able to start with...................... To view our full article Click here
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