Professional Wealth Managementt

By PWM Editor

“We use our own fund of hedge funds for the alternatives allocation and we were not affected by the declines in Amaranth as we sold our position in this fund over a year ago, due to a number of concerns. We have 10 years experience in hedge fund selection and have developed a detailed due diligence procedure. The main concerns we had with this fund were: management focus on asset gathering rather than asset management and a change in the investment process away from a convertible arbitrage background toward a multi-strategy trading business.”

 

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