Investcorp, an asset management firm specializing in alternative investments, hosted a two-day hedge fund conference that brought together figures from global finance with Gulf-based clients.
The Investcorp Hedge Funds Investor Conference included panel discussions and presentations from the firm's hedge funds business as well as from portfolio managers of the hedge funds in its Single Manager Platform according to Mohammed Al-Shroogi, President of Investcorp's Gulf business.
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Investcorp, the asset management firm specializing in alternative investments, hosted a two-day hedge fund conference that brought together renowned figures from global finance with Gulf-based clients to share views on the hedge fund investment opportunities best suited to today's macroeconomic conditions.
The Investcorp Hedge Funds Investor Conference included panel discussions and presentations from the firm's hedge funds business as well as from portfolio managers of the hedge funds in its Single Manager Platform.
The program also included presentations from the US insurer Allstate and Strategic Value Partners, a global investment firm specializing in distressed investments. Hedge fund manager John Paulson of Paulson & Co. delivered the keynote speech via a live videoconference with investors.
"This conference offered a unique opportunity for Gulf-based investors to share in the knowledge and experience of our hedge funds investment team and our close partners in the global hedge fund community," said Mohammed Al-Shroogi, President of Investcorp's Gulf business.
"Now is an important time for investors to reflect on the market opportunities and challenges to which hedge funds are uniquely suited."
Deepak Gurnani, Investcorp's Head of Hedge Funds and Chief Investment Officer, moderated a panel on current investment opportunities. The panel included the Single Managers as well as Victor Khosla of Strategic Value Partners. Single Managers account for about 34% of the $4.7 billion in assets that Investcorp's Hedge Funds team manages.
An important theme at the conference was separately managed hedge fund accounts and the benefits they provide to investors. Christopher Vogt of Allstate Investments presented results of the joint Investcorp-Allstate research on separate accounts showing how these accounts greatly reduce operational risk and offer greater control and transparency.
"Separately managed accounts have been a core element of Investcorp's risk management practices since 1998," said Deepak Gurnani, who coauthored with Christopher Vogt the research quantifying the benefits of these accounts. "We believe separately managed accounts offer the best way for many of our investors to tap into the benefits of hedge fund investing."
The conference also paid special attention to distressed debt investing. Investcorp currently sees a particular opportunity to benefit from investing in the debt and equity of companies that are restructuring their operations and finances in the aftermath of the global economic recession.
"Distressed investment opportunities remained robust for multi-year periods following the past two recessions, and we foresee a similar pattern unfolding this time," said Gurnani. "Given the extent of corporate restructuring taking place today in developed economies, this strategy has the potential to generate significant returns over the next three to four years."
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