New York, New York (PressExposure) May 26, 2009 -- How hedge fund start-ups can overcome funding challenge and investors control general partner risk
From 1999 to 2001, particularly the San Francisco area boasted a whole flurry of long-short equity managers specializing on tech, small and micro caps. With the tech-meltdown in 2002, many of those went away. The participants of a newly published Opalesque U.S. West Coast Roundtable discuss the segments of the local hedge fund industry which are still standing up; one sector has even set a global standard.
A large part of this Roundtable deals with how hedge funds and start-ups can overcome their biggest challenge: securing seeding/funding, how to raise assets and how to "become institutional". Seasoned hedge fund investors and consultants offer in-depth, detailed advice and strategies how hedge funds and start-up can successfully address these issues and grow their business.
The 31-page Opalesque West Coast Roundtable can be download here: [http://www.opalesque.com/RT/RoundtableSF.html]
The Roundtable also discussed how and why asset allocation has become the single-most commonly discussed topic among many allocators and hedge fund investors. The traditional 60:40 mix does not work - it subjects investors to undue volatility, and an "equities for the long run" is a rather naive approach. Asset allocation strategy turns out to be much more than an academic exercise, as these decisions have real human consequences. The billions in wealth destruction across pensions, endowments and personal savings will impose very real hardships on many people. The experts at this Opalesque Roundtable offer important insights and suggestions around asset allocation.
In addition, the Roundtable discussion highlights:
The changed role and importance of service providers - what really matters? General partner risk - some questions hedge fund investors should focus on Why despite delivering negative returns in 2008 institutions increasingly rely and invest into hedge funds and alternatives Specific West Coast advantages: things that hedge funds and investors can accomplish only from there A new approach to risk management: What are the "Five Pillars of Risk Focus" - none of which is a piece of software...
The Opalesque West Coast Roundtable was sponsored by Carmel-based Welton Investment Corporation and took place on April 22nd at the San Francisco office of Pillsbury Winthrop Shaw Pittman LLP. The event united the following experts:
1. Judith Posnikoff, Co-Founder, PAAMCO 2. Paul Perez, Managing Director, Northern Trust 3. John Brynjolfsson, Co-Founder and CIO, Armored Wolf 3. Mitch Levine, Founder, Enable Capital 5. Christopher Keenan, Sr. Managing Director, Welton Investment Corporation 6. Kurt Braitberg, CFA, Managing Director, TeamCo Advisers 7. Michael Wu, Partner, Pillsbury Winthrop Shaw Pittman LLP 8. Robert "Bucky" L. Isaacson, Founder, Futures Funding
All other previously published Opalesque Roundtable Scripts can be accessed here: http://www.opalesque.com/index.php?act=archiveRT
About Opalesque: Matthias Knab, Director of Opalesque Ltd, moderates the Opalesque Roundtables. Matthias Knab is an internationally recognized expert on hedge funds and alternatives.
In 2003, with the publication of its daily Alternative Market Briefing, Opalesque successfully launched an information revolution in the hedge fund media space: "Opalesque changed the world by bringing transparency where there was opacity and by delivering an accurate professional reporting service." - Nigel Blanchard, Culross. This hybrid financial news service, which combines proprietary industry news stories and filtered third party reports, has been credited by many industry insiders with delivering precise, accurate, and vital information to a notoriously guarded audience.
Each week, Opalesque publications are read by more than 600,000 industry professionals in over 130 countries. Opalesque is the only daily hedge fund publisher which is actually read by the elite managers themselves (http://www.opalesque.com/op_testimonials.html).