Christopher Miller, Allenbridge Hedgeinfo

The wide dispersion of FoHFs returns is evidence enough that some are better than others. A pension fund can match its own requirements with specific solutions. But it goes deeper than the ability to achieve simple Libor+ targets. Selecting a manager with the right ethos is paramount. What does that mean? Well, returns have been very disappointing in the last 12 months and no one is expecting an easy time in the next 12. So a FoHF manager needs to have a much more conservative stance than was

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