By Claire Makin
When Islandbridge's chief investment officer goes on a business
trip, it is not just to visit managers. Joseph McCarthy also
uses his contacts to set up meetings with people close to the
local economy and markets.
McCarthy is looking mainly for investment themes that could
give an edge to Islandbridge, the London-based multi-family
office boutique he founded in October 2008. But he is also on
the prowl for facts of an equally vital nature. He may pick up
hints about the local activity of Islandbridge's managers based
in other parts of the world, for instance.
This ear-to-the-ground approach is more typical of a hedge
fund manager than a multi-manager provider, but Islandbridge is
committed to digging down beneath "the sales patter and the
broker-type information", as McCarthy puts it, to get to the
He may spend up to a day in the...