Catch-up with the latest hedge fund industry news delivered direct from Gaim International 2012 in Monaco
The 'Gaim International 2012 Daily News - Day Two' special report comprises five separate articles listed below, these can be read individually or as a sequence.
Institutionalisation of the hedge fund industry was the key talking point in a panel discussion chaired by Dan Shapiro (pictured), partner of Schulte Roth & Zabel International. The panel included Jane Buchan, CEO of FoHF firm PAAMCO, Peter Schoenfeld, chairman and CEO of PSAM, Bernard Oppetit, chairman of Centaurus Capital, and Nicholas Botta, CFO of activist fund Pershing Square Capital Management.
Kicking off proceedings on Day 2 at Gaim International 2012, Tushar Patel of HFIM moderated a panel to discuss today’s seeding environment and how different seeders approach the investment process. Sitting on the panel were Patric de Gentile Williams of FRM, Mona Aboelnaga Kanaan of Proctor Investment Managers, Jeroen Tielman (pictured) of seeding platform IMQubator, and Philippe Paquet of Newalpha Asset Management.
In a guest speech prior to introducing a series of panel discussions in the morning session of day 2 at Gaim International, Robert Jenkins (pictured), external member of the financial policy committee, Bank of England, offered three personal observations from what he termed a macro-prudential regulatory perspective. Before doing so he candidly explained his role by recounting a story he told his wife. Said Jenkins anecdotally: “We’re trying to protect the banks from the financial system and the financial system from the banks!”
In the final morning session chaired by Al Samper (pictured), former chairman of the Virginia Retirement Scheme, the issue of why hedge funds and their fees was still a hot topic amongst investors. The panel was composed of Jim Dunn, CIO of Wake Forest University, Niels Oostenbrug, Director, Alternative Investment Programme, MN Services, Anthony O’Toole, EVP and CIO of American Legacy Foundation, Greg Haenni, CIO of CERN Pension Fund and Bridget Uku, Group Investments Manager, UK LGPS Pension Fund.
One of the unique features at Gaim 2012 was the opportunity for a variety of fund managers to deliver rapid-fire presentations to a panel of judges comprised of seasoned investors.