Thu, Oct 28, 2021
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Horizons: Family Office & Investor Magazine


Sunday, July 25, 2021

Welcome to the Summer 2021 issue of Horizons!

In this issue we have included three in-depth features with leading fund managers and investors. We start with “Alpha in Africa”, where Andre Steyn, a Cape Town based manager I have been following since 2011 who also gained global recognition as “Africa's leading short-seller”, describes Africa’s multidecade growth story and how “global investor apathy” leaves this outstanding investment opportunity to few on the ground managers. Across the Atlantic we find Heeten Doshi, CFA, in New Jersey where he and his team run a market timing strategy which with a live track record of almost nine years defies conventional wisdom that you cannot time the market.

I then discussed the problem of Alpha Erosion with two eminent investors: Panayiotis Lambropoulos, CFA, CAIA, FRM, is a Portfolio Manager at the Employees Retirement System of Texas and Francois-Serge Lhabitant, a Professor of Finance at the Edhec Business School and Visiting Professor of Finance at the Hong Kong University of Science and Technology; as investor he directly oversees a multi-billion portfolio allocated primarily to hedge funds.

We also take a look at BeeWyzer's unique Masterclass for NextGens and Arnaud de Coninck from Trusted Family explains how to keep family offices secure. Darius Sit is joining us from Singapore, making the point that investors should learn about market structure of cryptocurrencies before taking the plunge.

We now live, we are told, in a VUCA world and need to cope with volatility, uncertainty, complexity and ambiguity on an individual but also on societal and organizational levels. Socrates died in 399 BC but as 21st century philosopher Christoph Quarch finds out, he has some good answers also to today's challenges.

Wine is a passion investment that you can always drink even when it doesn't perform, however with Bettina Kurz' advice, buying a winery can also be a financially rewarding decision.

Cheers to that!

Matthias Knab

Today's Exclusives Today's Other Voices More Exclusives
Previous Opalesque Exclusives                                  
More Other Voices
Previous Other Voices                                               
Access Alternative Market Briefing

  • Top Forwarded
  • Top Tracked
  • Top Searched
  1. Institutional Investors: Vanderbilt University endowment records 57.1% return for fiscal year, MIT endowment logs 55.5% return for latest fiscal year, AP1 re-tenders $720m emerging markets small-cap mandate, Harvard, world's wealthiest university, sees endowment soar to $53.2bn, San Francisco shifts passive equity mandate to active BlackRock ESG strategy[more]

    Vanderbilt University endowment records 57.1% return for fiscal year From Vanderbilt University's endowment returned a net 57.1% in the fiscal year ended June 30, according to a financial report on the Nashville, Tenn.-based university. The report did not provide benchma

  2. New Launches: Massar Capital launches new global discretionary strategy, White Oak closes latest direct lending fund at $1.3bn, Aterian replicates speedy fundraise to collect $830m in nine weeks, Sofinnova holds $548m final close for Capital X, Multicoin Capital targets $250m for third crypto VC fund, Tobam launches French bitcoin and blockchain fund[more]

    Massar Capital launches new global discretionary strategy Massar Capital Management has launched a new discretionary macro hedge fund strategy which aims to capitalize on directional trading opportunities across a broad set of global markets. The Massar Macro Directional is the N

  3. How Viking Global became the hedge-fund industry's hottest launch pad[more]

    From Business Insider: Since Dan Sundheim's massively successful launch of D1 Capital in 2018, there have been six more spinoffs from Viking Global that have collectively raised billions - and at least one more is in the works. Among them: Grant Wonders, 31, who launched Voyager Global this ye

  4. PE/VC: Moody's warns of 'systemic risks' in private credit industry, Sequoia to restructure itself away from traditional VC model, Modeling private equity market beta, VC investors pour money into Chinese start-ups despite regulatory crackdown[more]

    Moody's warns of 'systemic risks' in private credit industry From FT: The burgeoning private credit industry of lending to buyout groups has grown to about $1tn, but opacity, eroding standards and the difficulty in trading these slices of debt pose "systemic risks", according to rating

  5. PE/VC: Private equity M&A frenzy has cautious undertones, Venture capital exit values soar, Private equity and venture capital drove outsized returns at Bowdoin, Harvard, and the University of Pennsylvania, Private equity tops explosive tech growth as returns rocket[more]

    Private equity M&A frenzy has cautious undertones From Reuters: Private equity dealmakers are in two minds. Buyout barons, led by titans like Blackstone boss Steve Schwarzman, are on track for a record year for takeovers. Yet they're also offloading companies at a much faster pace than