Martin Currie's unique history and culture have served it
well in building a hedge fund business that blends the best of
the institutional and entrepreneurial investment worlds
Scottish asset manager Martin Currie has not been immune to
the troubles plaguing the hedge fund industry.
Despite strong performance in some of its hedge fund
strategies, solid performance in others and relative
outperformance by every hedge fund on its platform against the
relevant benchmarks, the firm's hedge fund business has shrunk
in recent months - like that of almost every other firm.
The company has seen its hedge fund assets halve from their
peak of $2 billion - a victim of the demand for liquidity among
investors and the so-called "ATM" effect of investors
withdrawing cash from the most liquid sources, regardless of
how well those assets have performed.
But rather than slam gates on investors to bar them from
leaving, Martin Currie has...