Multi-strategy: the flexible alternative
Carlson Capital and Polygon Partners, two of the world's premier multi-strategy hedge fund groups, joined the prime broking team at Merrill Lynch October to discuss the ins and outs and pros and cons of multi-strategy hedge funds. Hedge Funds Review sat in and recorded the course of their discussion...
Could we start by defining the term 'multi-strategy' as it relates to hedge funds?
Clint Carlson, Carlson Capital: The term 'multi-strategy' is only slightly more descriptive than the term 'hedge fund' - it doesn't tell you an awful lot about what the fund actually does. 'We have more than one strategy' is about all it says, so it's very hard to generalise when it comes to analysing the universe of funds pursuing multi-strategy.
Paddy Dear, Polygon Partners: People ask us who our competition is
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