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 Richmond, Virginia.
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...