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The Extra Mile: Partnerships between Hedge Funds and Investors

AIMA/Barclays paper into partnerships between hedge funds and investors

 

Extra Mile pic

 

AIMA’s Investor Steering Committee and Barclays published a paper, called The Extra Mile: Partnerships between Hedge Funds and Investors, on 24 June 2014. The paper, based on a survey of investors and managers, found that investors increasingly are striking partnerships with hedge funds, underlining the closer collaboration taking place between the hedge fund industry and its investor base.

The survey found five key elements of partnerships:

  • Access to expertise and resources
  • Customised products and solutions
  • Co-investment
  • Product seeding
  • Equity stakes

More than three-quarters of managers and two-thirds of investors who took part in the survey said they had entered into partnerships.

The investors surveyed manage a combined $2 trillion in assets, of which approximately $260 billion is allocated to hedge funds. They include pension funds, endowments, foundations, sovereign wealth funds and family offices globally.

Benefits to investors include:

  • Improved knowledge and understanding
  • Better alignment of interest with managers
  • Better value for money

Both larger and smaller managers and hedge funds of all strategies were found to be striking partnerships. The managers surveyed manage approximately $200 billion in assets. Benefits to managers include:

  • "Stickier" or more loyal investors
  • Support for new product development
  • Cross-selling opportunities
  • Investor references

Documents

The Extra Mile: Partnerships between Hedge Funds and Investors

Press release (24 June 2014)

 

For more information about the Investor Steering Committee, click here.

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