Capital Allocators – Inside the Institutional Investment Industry Hedge Fund Master Class – Craig Bergstrom, Adam Blitz, and Dan Fagan (Capital Allocators, EP.318)
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May 29, 2023 Craig Bergstrom, CIO of Corbin Capital Partners, Adam Blitz, CEO of Evanston Capital Management, and Dan Fagan, Portfolio Manager at GIC, share their rich insights into the hedge fund landscape. They dive into navigating credit investing amid rising defaults and discuss investment strategies in a high-rate environment. The trio emphasizes the importance of liquidity management and highlights unique approaches to long-short equity and macro strategies. Their conversation concludes with thoughts on fees and the most promising opportunities and pitfalls for investors.
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Hedge Funds for Diversification
- GIC views hedge funds as crucial for portfolio diversification and active management.
- They prioritize investments with unique return streams and low correlation to existing holdings.
Bottom-Up Approach
- Approach hedge fund investments with a bottom-up, strategy-agnostic approach.
- Focus on finding truly compelling opportunities rather than pre-set allocations.
Hedge Funds 3.0
- Corbin Capital seeks alpha by using separately managed accounts (SMAs) for targeted investments.
- They also enhance returns by actively trading CLOs and CBOs, leveraging manager insights.