A broad range of industry professionals attended a Hedgeweek summit in New York City to consider the key steps involved in successfully launching a hedge fund in the US. The following report provides a glimpse into what came out of the day’s proceedings.
Operational due diligence has become a key step in the pre-approval process. A survey conducted by Deutsche Bank back in 2014 revealed that 65 per cent of respondents said they would not consider investing in a fund that they previously vetoed. First impressions matter.
The biggest challenge managers face today is the amount of information that now saturates the marketplace. Fact is, the hedge fund industry is no longer some exclusive club. It is a huge and highly competitive one.