Get Ready to Update the Database…Again

 
As if everyone’s database wasn’t already in tatters.  Today comes news of the expected consolidation wave that will roll-up the Swiss FOF industry.
 
In an article in Hedgeworld/Reuters, Martin de Sa’Pinto commented that the “you can get there from here” nature of the compensation structure will compell FOFs into one another’s arms.
 

“Many of Switzerland’s smaller fund [...]

Memorial Day Weekend Reading

Two blog posts of interest on placement agents and seeding.

Intel from the trenches – It’s tough out there!

I recently attended a hedge fund conference. In a sign of the times the format was a half day and presented in an austere, no frills environment…coincidentally the same room where I was married but that is a subject for another day.

The one instance where politics and money don’t mix

How Pension Placement Agent Exploited Political Ties (Update1) – Bloomberg.com.
May 18, 2009
 
Kudos to Bloomberg to an excellent review of where we are with the placement agent model and the use of the politically connected to  make introductions.
 
- Apparently the well-connected politically – democrats mostly – have spent their time in the wilderness riding the alternative [...]

Cap-intro Takes Page from Live Nation Model

HF Alert reports that Goldman Sachs is planning an all-star cap-intro event next week.  They appear to have pulled a page directly from the Live Nation concert playbook.  Instead of taking risks with smaller acts in small venues – LN prefers to book aerosmith, Madonna, Cold Play, U2 pay them well and book ginormous venues.
 
We [...]