The hedge fund industry has always been a people business - while for single managers it is definitely what they know (and how they apply this), for capital raising it has always been a case of who you know. This has been one of the key reasons pension funds have been a hard nut to crack, in Europe at least.
In the main, their consultants have not been a group that has traditionally worked on the basis of contacts - more a case of you're either on their list, or you're not, and possibly left
The week on Risk.net, October 6-12, 2017Receive this by email
- SGX, HKEX expect to be among first wave of Mifid II equivalence
- Leaked EU doc could shield legacy swaps from clearing grab
- ABS set for revival under US Treasury’s liquidity buffer plans
- Quantile, TriOptima face off in cleared swaps compression battle
- Quants stymied by lack of alternative risk premia flows data