‘Transparency’ is one of the most oft-cited words in today’s hedge fund environment, second only, perhaps, to ‘alpha’. Although the industry is much less opaque today, in a world increasingly measured by the alpha added by managers, transparency can in itself become a key performance driver. How better to access information than by allocating to in-house funds with the underlying managers sitting metres away?
Of course ‘in-house’ implies limitations – a fund of funds can no longer select the best
The week on Risk.net, March 10-16 2018Receive this by email