Did somebody say, 'pension fund money'?

tete à tete: institutional investors

joseph bachman, etheoisHedge fund managers tend to come either from proprietary trading or institutional fund management. The latter will likely be attuned to requirements of institutional investors, whereas the former are not. Some key considerations for hedge fund managers include a clear statement on the source of "alpha"; diversification benefits of absolute return strategies (often uncorrelated with major asset class returns) within long-term institutional portfolios; and justification