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Komfie Manalo, Opalesque Asia:

The best advice for start up hedge fund managers is that they should be able to deliver double digit returns in their first year of operation, said Chris Solarz, Managing Director at alternative investment consulting firm Cliffwater LLC during the latest 2016 Opalesque Investor Roundtable, sponsored by Arthur Bell.

When reflecting about their recommendations to start up managers, Solarz said, "Performance stands alone as the single, top priority. You need to perform in year one, it is as simple as that. Marketing and business building can wait for a few years because it won’t be possible without a solid track record to pique allocators’ interest."

Rob Kaplan, Senior Managing Director at the $26bn global funds of funds EnTrustPermal believes start up managers should focus on hiring a president or a CEO-level professional who can talk intelligently with clients about the book and understands the complexities of the regulatory environment. A manager who is just starting out needs a dedicated professional to run the business, because a manager’s time is best served by focusing on the portfolio, he said.

He also advices new managers to hire a partner who will handle every other operational element of the business so they can focus on trading and i......................

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