Start-up hedge funds’ success or failure often hinges on how managers build fee structures and foster investor relationships during the perennially tricky launch process, which industry participants warn can be frustrating, expensive and time-consuming. The opening session of day two of this year’s HedgeweekLIVE North America Emerging Manager summit focused on fee structures, with panellists discussing seed and anchor capital, developing networks in the remote working environment, and the shifting allocator sentiment towards the industry. Kieran Cavanna, co-founder and CIO of fund of hedge fund Old Farm Partners, noted the challenges that have arisen as a result of Covid-19, but

Despite the changing environment and challenges that Covid-19 has presented to operational and investor due diligence processes, sophisticated allocators still demand a “high level” of compliance and institutional infrastructure, according to Jenny Kim DeSmyter (pictured), Managing Director, Sales Strategy, SS&C Eze. Speaking on the ‘Evolving Operational Challenges’ panel during this year’s HedgeweekLIVE North America Emerging Managers summit, DeSmyter explained how ensuring data remains protected is vital for both managers and investors in the remote working environment that has prevailed throughout the coronavirus pandemic. The second session of day one spotlighted how operational due diligence and investor expectations are changing, and