Investor Event: Cap Intro: L/S Equity | Deep Value Investing
Date: Monday, 28th February, 2011
Venue: Harvard Club New York
The Cap Intro: L/S Equity | Deep Value Investing gathered active investors and growing L/S Equity or Deep Value focused alternative investment managers in a pre-qualified and pre-screened format with private meetings. The cap intro event was attended by 10 investors and 8 managers, with a total of 47 introductions in meetings taking place during the course of the afternoon.
Seven of the ten investors were single/multi-family offices, two were pension or wealth managers, and one being fund of funds/investor consultants. The size of the investors ranged from $120m to $17bn, with the average size $3.4bn.
Graph 1-3: Participant break-up by type and AUM size.
Alternative Investment Managers
Eight managers attended. The size of the managers ranged from $8m to $5.5bn, with the average size $848m. The average size of the showcased fund was $101m, as in most cases the funds showcased was a smaller fund from a larger multi-fund investment manager.
Strategies included L/S Equity quantitative/ qualitative, Relative Value equity and fixed income, L/S Equity hard assets listed companies fund, L/S Equity structured transactions, L/S Equity long bias, L/S Equity fundamental research, Private Equity deep value focus US Real Estate, L/S Equity fundamental value focus Asian/China small-mid caps.
Pre-Screening and Pre-Qualification
Both the investors and managers were pre-screened and pre-qualified to constructively fit into the investor event. Investors were interviewed for their active interest in looking at L/S Equity or Deep Value focused managers, and asked to supply information on their key investment criteria and preferences. Managers were asked to apply by sending their fund profile and their preferences to what investors to meet with. Subsequently, investors and managers gave their preferences to whom to meet with, taking into account the information available on participants. All participants were given tailor-made private meeting schedules prior the event.
The investor event consisted of a luncheon with presentations by managers, a networking break, and five 35 minute sessions with private meetings, as well as a cocktail reception.