Transparency seems to be the new clarion call for hedge funds aspiring to win institutional business, according to the latest reports by both Ernst & Young and PwC. Industry heavy weights such as Albourne Partners and Blackstone Alternative Asset Management have already put their markers down on this territory with new initiatives.
Larry Davanzo, Ratan Engineer, Olwyn Alexander and Simon Ruddick
Another important recent development is the announcement that Wilshire Funds Management, a business unit of Wilshire Associates, has teamed up with the Signet Group, a $1.7 billion Swiss-based fund of hedge funds firm, to provide enhanced-transparency absolute-return portfolio management service to their institutional clients.
Wilshire, which serves more than 600 organisations that have combined assets exceeding $5 trillion, will leverage its existing funds platform and accompanying tools to provide transparent due diligence and risk monitoring support for multi-manager absolute-return investment portfolios managed/advised by Signet.
The new venture...