Managing Expectations Jul8

Posted by & filed under Hedge Fund Investors, White Papers/ Thought Pieces.


The line between wealth management and fund management continues to blur for the alternative asset managers who serve the high net worth investor community. Driven by a growing desire on the part of these investors to maximize control over their investment portfolio, managers who are emerging or who operate with assets under management under the $1B level are finding increased demand for separately managed accounts, or SMAs

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Foresight Is Better Than Hindsight Jun6

Posted by & filed under Hedge Fund Investors, Hedge Fund Marketing, White Papers/ Thought Pieces.


The Lake Wobegon Effect—where, according to its creator, Garrison Keillor, ‘all the women are strong, all the men are good looking, and all the children are above average’—relates to the tendency to overestimate one’s achievements and capabilities in relation to others. Lake Wobegon seems to be alive and well in the hedge fund industry, where every manager thinks they are above average, despite a wide range of evidence to the contrary

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What Investors Will Ask During an Operational Due Diligence Exam Apr26

Posted by & filed under Compliance, Hedge Fund Investors, White Papers/ Thought Pieces.


Michael V. Merrigan, Founder & Managing Member Shadmoor Advisors LLC contributes the following post. Shadmoor Advisors will be one of the specialists hosting a table at our Table Talks event in New York on May 2nd. As we approach the event we will be featuring white papers from our various specialists.   Beyond Valuation, Compliance &

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The Power of Privilege: Caspersen and Madoff Abused It, But Investors are Taking it Back Apr15

Posted by & filed under Financial Fraud Watch, Hedge Fund Investors, White Papers/ Thought Pieces.


The unraveling of Andrew Caspersen is alarming not only because of the amount of money Caspersen schemed out of friends, family and investors ($95 million and counting) but also that someone from such a perceived high perch (Ivy league schools; prominent wealthy family) would commit such a crime. The SEC filed civil charges, DOJ filed a criminal case and Caspersen, while silent on the matter to date, spent a few days in a hospital (no word yet on how many days he will spend in jail). Once the smoke clears, the Caspersen debacle will reveal one major shift in the last five years: investors are more empowered than ever before

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