Bigger is Better, says Cliffwater’s Stephen Nesbitt

Small, niche hedge-fund strategies are best left to the Hollywood crowd, says Nesbitt, who recommends well-known managers to clients.

stephen-nesbitt-cliffwater-main.jpg
stephen-nesbitt-cliffwater.jpg
Nesbitt: Underperformance in a market down 10 or 20 percent signals bad risk management ( Photographs by Stephanie Diani )

Managers often complain that consultants and institutional investors are willing to look only at larger well-known names when investing in hedge funds.

To continue reading, subscribe now to Premium Journalism. Already a subscriber? login.

Related