After the lofty, even somewhat inspiring sentiments expressed at the memorial service in Tucson, it was back to reality on Capitol Hill last week. The President’s State of the Union address failed to provide even an outline of a policy to meaningfully bring the United States federal deficit back to a manageable level within [...]
The hedge fund industry helped institutional investors close their funding gaps in 2010 in line with a recovering economy. According to PI Online, the assets of U.S. endowment portfolios grew 19.1% in the fiscal year ended June 30.
Cliffwater pointed out this week that the 96 state public pension plans in the U.S. allocated $63 [...]
The annual SEI/ Greenwich Associates white paper has summarized key themes of primary concern to investors that asset managers should consider coming into 2011:
1. Clearly articulate how your firm’s investment strategy adds value in a portfolio context. Ensure your investment philosophy is clear, your edge can be simply communicated, and your risk-return framework is [...]
It is heartening to see investors not only taking on board the lessons learned during the financial crisis but also returning to one of the core value propositions of hedge funds – the benefit of incorporating non-correlated strategies within a portfolio.
The top 5 industry level take-aways from the January 2011 SEI/ Greenwich Associates survey [...]
This is what David Swensen has to say about investment philosophy:
“Successful investors articulate coherent investment philosophies, consistently applied to all aspects of the portfolio management process. Philosophical principles represent time-tested insights into investment matters that rise to the level of enduring professional convictions. The central tenets of an investor’s approach to markets emanate from [...]
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