'Big boutique' strategy proves its worth at Scotland's Martin Currie

Mon Mar 23, 2009




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...

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