By Claire Makin
There is nothing half-hearted about the NB Alternatives Fund of
Hedge Funds team or its beliefs. Too much diversification
weakens portfolios; hedge funds change what they do over time
so watch them with eagle eyes; a flat hierarchy is the best way
to run the business.
Also, avoid growing too attached to your managers. "There
are plenty of hedge funds out there," says Eric Weinstein, the
team's chief investment officer and managing director.
Despite strict rules, the team insists that it does not
follow a rigid approach to investing. "We try not to be too
dogmatic. We view pragmatism as our strength," says Jeff Majit,
who is the London-based head of European investments as well as
head of event-driven and relative value research.
In fact, the team's approach is more consensus than
prescriptive guidelines. Their core beliefs have developed over
the years that...