AlphaMetrix closing down Funds of Funds
Alphametrix would put on conferences for managed futures and hedge that had to be the best I have ever attended. You would have face to face meetings with prospective managers. What shocked me at the conferences was the money that was being spent. They served the most expensive meals with open bars with speakers such as Tony Blair ( $300,000 for the engagement). Being my low key and humble self this spooked me. My wife always calls me obsessive compulsive paranoid for a good reason. We went through MF Global and survived by having most of our money at Treasury Direct. Being an investor as well as a manager in the hedge fund and managed futures arena, I think only the mentally strong survive.
Alphametrix offered entry to managers who were closed to most investors. Some of these managers had entries of $5,000,000 and greater. It was an easy sell only having to pony up $100,000, however my little voices in my stomach told me no….It is a great loss for the industry to have Alphametrix closing down their funds of funds. I hope they keep the conferences going.