Falcon set to fly after three years under insurer’s spell
Fri Jul 5, 2013
Beazley-backed firm uses hedge funds to achieve goals rather than to be defined by them
By Claire Makin
Post-crisis, a new breed of asset managers has sprung up, with
new ideas and ways of implementing them. One of these is
London-based Falcon Money Management, which has a clear sense
of its own identity and where it fits into the evolving fund of
hedge fund space.
Michael Perotti, Falcon’s founder and chief
investment officer, says that much of the funds of funds
industry became the victim of its own success, commoditised and
beta-dependent, and on those grounds recent criticism of the
industry is warranted.
But Falcon has moved beyond this business model to view
hedge fund strategies as a way of delivering defined return
streams in a mixed-asset portfolio – no magic and no
mystique. "It starts with our not being a hedge fund shop. We
start off being an asset manager trying to achieve certain
ISSN: 2151-1845 / CDC10004H
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