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
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...