Hedge Fund Managers and Pedigree - Who Knows You?
In the hedge fund industry t isn't what you know, it isn't who you know. It is who knows you. MPC Investors is a $3B hedge fund situated in London. A month ago they raised $900M to dispatch a container European directional long/short fund. This was while a higher than regular number of funds were losing resources or attempting to pick up as much advance as they had amid initial two fourth of 2007. To dispatch this fund they shut two Asian-based hedge funds that had neglected to achieve minimum amount resources under management(aum) levels and went looking for the best fund manager ability they could fine. "I needed to have the capacity to look at our customers without flinching and say this is uncommon," said Peter Harrison at present the Chief Executive Officer of MPC Investors. In the wake of employing them he has likewise stated, "you need to give your portfolio managers the most obvious opportunity to beat. That loses all sense of direction in numerous o...