Institutional Investors

Why the hedge fund industry needs to clean out its closet


Peter Fletcher shoots from the hip and has some tough things to say about the alternative investment business. Even if they find his message difficult, fund managers should take note...

Peter Fletcher has a very long association with the Asia-Pacific. As managing director of family office Parly SA, he has long played a role in the history and development of the Asia-Pacific alternative investment industry, both hedge funds and private equity. Included here is the fact that Parly has played a significant 'seeding' role in the launch and subsequent development of many of the region's quality houses.

Fletcher has also been one to tell things as he sees them. His interview here is no different. Even if many disagree with his views on the present state of the