$100M HFs Snubbed By Institutional Investors, Prime Brokers

So what does $100 million in initial assets get a rookie hedge fund manager these days? Not much, according to Dick Del Bello, senior partner at Conifer Securities.

Del Bello, who previously headed UBS’ prime brokerage for the Americas, says the hedge fund industry is becoming more institutionalized and, as a result, investors are demanding sound infrastructure and transparency be in place before they commit to managers.