By Claire Makin
With its research-driven, value-based philosophy, Private
Advisors takes a very long view of investing. "We tend not to
chase fads in our portfolios," says Tim Berry, the partner
responsible for hedge fund of funds portfolio management at the
$3.7 billion investment boutique.
Anything less than 10 years is too short a time horizon to
judge equity returns, according to Private Advisors, which has
a 14-year track record and runs private equity funds of funds
as well as funds of hedge funds from its headquarters in
The partners take a similar long-term approach to building
their own business. There were no layoffs at Private Advisors
in 2008, and they see the current environment as an excellent
one for hiring talent.
But while long-term may mean conservative, it does not mean
unadventurous, Berry points out. As well as being
value-oriented, patient and driven...