Harcourt Hedge Fund

According to Ineichen, "you can now hear a lot of people criticizing the fund of funds model. They argue that his days are over hey. However, I have a different opinion on this point. I think it especially funds of hedge funds are in the business of constructing portfolios conservative, not hedge funds.

Hedge funds are the building blocks of a conservative portfolio. With a fund of funds, you have risk management on two levels. The hedge fund manager control risk securities and the market level, while the fund of hedge funds manager of risk control at a single manager. Given the uncertainty we are talking about with the markets where they are today - assuming they normalize little - I would say that the fund of funds model
in fact very strong. "

Ineichen author search the most reprinted UBS reports: "Seeking Alpha" and "The continued search for alpha" and published "Asymmetric Returns: The Future of Active Asset Management" and "absolute return : Risks and Opportunities of Hedge Fund Investing.

Opalesque today published the script of the Opalesque Roundtable Za¼rich. The event took place February 26, 2009 at Man Group / MWA offices in Pfa¤ffikon and was sponsored by Taussig Capital. Ineichen addition, the following experts participated:

• Frederic Berney. Chief Risk Officer, Harcourt Investment Consulting
• Christopher Brodie, Co-founder and principal fund manager, Krom River
• Casta¡n Jaime, director of Hedge Fund Research, RMF
• Uwe Eberle, director of institutional relations management, member management committee, Man Investments
• Professor Peter Meier, Ph.D., University of Zurich
• Jim Mitchell, Senior Managing Director and co-founder, Global EWM
• Dr. Christian Raubach, Managing Partner of Wegelin & Co. Private Bankers
• Pillonel Philip, Associate Director, Constellation Capital Advisors
• Ernesto Prado, Co-founder and Chief Investment Officer, Areca Investment Management
• Joseph (Joe) Taussig, Founder, Taussig Capital

The Zurich Opalesque Roundtable can be downloaded here:
http://www.opalesque.com/Roundtable/RoundtableZH.html

This roundtable is Opalesque with 31 pages of script the largest ever published by the Opalesque Roundtable. The discussion covered various topics such as how the Sharpe ratios can mislead investors, why investors are still fleeing managed futures, a discussion on the value of transparency and risk factors as well as suggestions how to restructure the costs of hedge funds.

In addition, experts discuss:

• ... The strategies and opportunities Swiss hedge fund managers and investors continue in this economic downturn
• ... That in the future, RMF will handle nearly 80% of the U.S. and Europe L / S hedge fund investments through managed accounts
• ... The accounts are managed in the greatest demand for retail investors, this trend could exacerbate the problems that may be brewing for the next crisis
• ... How the Swiss industry of hedge funds aims to restore investor confidence
• ... Where the Swiss regulations failed during the 2008 crisis
• ... There are already some initiatives within the investment community of Swiss hedge fund to meet, and what interests they pursue
• and share an exemplary story of how a hedge fund manager has changed the way of a popular newspaper wrote about hedge funds.

The Zurich Opalesque Roundtable can be downloaded here:
http://www.opalesque.com/Roundtable/RoundtableZH.html

All other previously published Opalesque Roundtable Scripts can be accessed here:
http://www.opalesque.com/index.php?act=archiveRT

About Opalesque:
Matthias Knab, Director of Opalesque Lieutenant