Hot Hedge Fund Mandate
An investor recently interviewed by BHA is looking to invest capital during the next several months. It has been overweight in a number of strategies, and is looking to draw down capital and diversify.
The firm is looking at two hedge fund strategies in particular: global macro and long/short equity. It is interested in funds that have global exposure; it is not interested in funds that are region-specific or that have majority holdings in one country. Managers are required to have a minimum of $100 million in assets under management.
Also transparency is an important factor in their fund selection process. Monthly transparency reports are required. Leverage is acceptable in moderation, but only in fixed-income funds. The firm is not interested in any moderate- to high-leveraged funds.