Phil Duff: Pensions Catalysts For Change In HF Industry

Big changes are coming to the hedge fund industry, according to one former honcho, and managers now have to be able to deliver a complete package that cuts across performance, advice, relationships and brand for their investors.

FrontPoint Partners founder Philip Duff told an industry conference in New York that institutions have replaced individuals as principal investors in hedge funds, and the new bosses are demanding scalability, non-correlation and “reputational exposure” from their managers.