Hedge Funds

Falcon set to fly after three years under insurer’s spell


Beazley-backed firm uses hedge funds to achieve goals rather than to be defined by them

By Claire Makin

  Michael Perotti
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.