Fagan: Exceptional hedge fund opportunities are too scarce for top-down strategy buckets
Dan Fagan · Hedge Fund Master Class – Craig Bergstrom, Adam Blitz, and Dan Fagan (Capital Allocators, EP.318) · May 29, 2023 · at 9:51
Dan Fagan, managing director at sovereign wealth fund GIC, explains why GIC avoids top-down strategy allocations when selecting hedge funds.
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“The rationale behind all that is we simply don't think there are that many opportunities out there that are truly exceptional and truly compelling. So we try not to narrow the spectrum across which we look at first and that's worked pretty well for us over time.”
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