There is a growing trend in the hedge fund community that solves a problem be-deviling many fund managers. Hedge funds typically perform in cycles. At times a hedge fund manager can execute to perfection and the market environment is their friend, a magical year. This is when the investing public wants to attach themselves, some sophisticated professional investors included. Then, at times when the fund is experiencing its worst drawdown or a negative event such as 2008 strikes, investors want their money back. This can cause significant problems when re-positioning portfolios and taking up dry powder to invest when there…
Ackman Locking in Investment Assets As "Permanent Capital" Trend Rolls On
Mark Melin
Mark Melin is an alternative investment practitioner whose specialty is recognizing the impact of beta market environment on a technical trading strategy. A portfolio and industry consultant, wrote or edited three books including High Performance Managed Futures (Wiley 2010) and The Chicago Board of Trade’s Handbook of Futures and Options (McGraw-Hill 2008) and taught a course at Northwestern University's executive education program.