We asked Michael Nicks of Pepperdine University what he’s looking for in hedge fund managers. We spoke at GAIM 2016, 20-22 June 2016.
“Active management in the hedge fund space in particular is basically excellence relative to peers which is a necessarily scarce resource by its very definition, and the higher your standards are, the more scarce it is. We still pursue that because we think we can find some managers that are the best active managers.”
“The other thing we do is we actually substitute hedge fund exposure for active management in our equity space through a portable alpha vehicle.”