An Institutional State of Mind
| Oct 9th, 2006 | Filed under: Hedge Fund Industry Trends | By: Alpha Male |
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By: Hung Tran, MARHedge
Published: May 9, 2006
MARHedge’s 12th Annual Mid-Year Institutional Investment Conference yielded the usual discussion about how the hedge fund industry is being “institutionalized” (or was it how investors should ”institutionalize” there hedge fund managers…one or the other, I wasn’t there).
In any case, according to MARHedge, hedge fund managers were excited about the opportunity to be “institutionalized”. But opinions on portable alpha were mixed. Jack Swan, senior product manager at Lighthouse Investment Partners, a fund of hedge funds was decidedly pragmatic:
“We hear a lot of talk about portable alpha, but see far less in terms of execution.”
Gustavo Dominquez, managing director at Gottex Fund Management, highlighted the operational challenges of creating a portable alpha program.
“The platform needed to execute a portable alpha mandate takes time and it has been very laborious…”
These cautionary notes have also surfaced elsewhere in this blog.
The full MARHedge article follows below…
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