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Article: Changing Of The Hedgies Guard; Fund of hedge fund managers are finding more reasons to allocate capital to emerging hedge fund talent.(Hedge Funds)
- Article from:
- Investment Dealers' Digest
- Article date:
- June 26, 2009
- Author:
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Byline: Gerelyn Terzo
Fund of hedge fund managers, investing across many hedge funds to provide diversification to clients, are changing the way they allocate capital. These managers, many of whom never thought they would see the day when high-flying funds run by the industry's best-of-breed talent were torpedoed, have in the worst cases been forced to liquidate their own funds.
Now those that remain are increasingly being scrutinized by investors. So it's no longer just the brand-name hedge funds that win out. Indeed, it's the emerging hedge fund manager talent that shows promise of greater returns, while hedge funds with fewer assets under management ...