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A lively panel discussion between four hedge fund investors and an investment consultant put the issue of transparency under the spotlight.
|Matthew Roberts, Larry Powell, Jean-Pascal Porcherot, Mark Geene, Nathanaël Benzaken, Sophie van Straelen|
The panel included Nathanaël Benzaken, head of managed account development at Lyxor; Mark Geene, senior investment manager for hedge funds at PGGM Investments; Jean-Pascal Porcherot, head of the alternative solutions group at Lombard Odier Investment Managers (LOIM); Utah State Retirement Fund deputy CIO Larry Powell; and Matthew Roberts, a senior consultant and head of multi-strategy hedge funds at Towers Watson.
“Often, when a manager doesn’t give investors transparency it’s because he doesn’t have to,” said Powell – suggesting that some managers have a sense of arrogance about what they do, which smaller investors may...