Family offices need professionals, says PHF Capital's Fletcher

Investment veteran decries managers who aren't ‘real investment professionals'

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Every family office is different, but Peter Fletcher's investment philosophy has been driven by one principle over the years: don't lose money.

In May, Fletcher, who runs his firm PHF Capital from Toronto, Canada won Hedge Funds Review's award for outstanding contribution to the hedge fund industry by an institutional investor in its European Single Manager Awards.

The award recognised his ability to "always push managers to do a better job", along with his early advocacy of better governance an