Thalia has tailored the Haussmann philosophy to bloom while others have wilted
Thu Sep 6, 2012
Lugano-based firm thrives on conventional FoHF form, managing a three to five-year view
By Claire Makin
At a time when many fund of hedge funds managers are scrambling
to re-invent their businesses, Thalia is sticking to the very
traditional view that talent and conviction are what matters in
the hedge fund world. Lugano-based Thalia manages money on a
three to five-year time horizon, and some of its manager
relationships stretch back to 1999. As well as taking a
long-term view of working with managers, Thalia focuses
primarily on qualitative research to pick the best ones and
uses quantitative analysis far more selectively than many of
its peers. "The structure of markets has changed. That makes it
harder and harder to assess whether a manager is able to ride
out a crisis," says Maggie Rokkum-Testi, Thalia’s
chief investment officer.
On this basis, complex numerical calculations cannot provide
fresh insights into whether a manager will be able to sustain
ISSN: 2151-1845 / CDC10004H
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