By Claire Makin
There are no junior analysts at Barlow Partners, the mid-town Manhattan-based fund of funds house that George Hambrecht, president, says he ran more or less single-handedly for the first seven years of its life, after its launch in 1994.
|Elizabeth Hilpman and Ted Werthman|
The same emphasis on seniority goes for Barlow’s 23 underlying managers, all of them long/short equity specialists, and none with less than 10 years’ experience in the business. Nine have run money for 20 or more years.
Now with $1.6 billion under management, Barlow Partners still runs a tight ship, employing just five senior investment professionals. “We follow one strategy – long/short equity – and make no asset-allocation decisions. All we need to focus on is individual managers,” Hambrecht says. Selecting and monitoring managers occupies all but a tiny per¬centage of their time.
Unlike fund of funds managers who offer...