Summary
CHICAGO (HedgeWorld.com) - In the old days, before institutional investors and manager profiles on "60 Minutes," seeking out new talent in the hedge fund universe was all about networking, according to Ivy Asset Management's Sean Simon. Prior to the proliferation of trade publications, hedge fund databases and bank capital introduction groups, the hedge fund community operated on word-of-mouth.
But the current atmosphere of hedge fund media saturation has brought that search process full circle, Mr. Simon said in a June 20 panel discussion on fund of hedge fund allocation at the Managed Funds Association's Forum 2006. With information available anywhere, it now comes down to the reliability of the source, which has led Ivy back to networking.See the full content of this document
Extract
To Catch a Fund of Funds' Eye
"It's by far the most important tool," Mr. Simon said, adding that of the universe of 8,000 hedge funds, only about 1,000 funds are worth allocating to, and out of those, Ivy invests with approximately 180.
Joining Mr. Simon in the panel discuss...See the full content of this document
Sponsored links
