How to see everything your hedge fund manager is up
Martin Gagnon, co-CEO of Innocap Investment Management,
looks at how the managed account platform structure can give an
investor complete transparency, and peace of mind, when
investing in hedge funds
you sit at a poker table, knowing that every other player has
more information than you, ultimately exercising control over
the game with your money? Or would you sit at the same table if
you knew that the dealer would not help you in case someone
cheats? Would you be playing if you were not allowed to leave
the table to cut your losses?
And yet, this is the position in which traditional hedge
fund investors find themselves in the typical set-up of writing
a cheque to a hedge fund in a weakly regulated
The other parties around the table are prime brokers,
leverage providers, custodians, OTC...