By Andrew Beer Chief Executive Officer of Beachhead Capital Management The model for allocating to equity long/short funds is broken. The mentality of most allocators is to chase the “hot dot” – that is, invest with a fund that performed well recently and hope the hot streak continues. This approach is based on the discredited assumption […] Read more »
How Many Hedge Funds? Only 15-20 For The Highly Skilled
By Stephen L. Nesbitt, CEO and Eli J. Sokolov, Managing Director of Cliffwater LLC Introduction We first wrote about how many hedge funds constituted an appropriately diversified portfolio in 2006, arguing that most investors tended to over diversify their hedge fund portfolios, particularly those investing in funds-of-funds.1 We showed that the accumulation of hedge funds […] Read more »