The remuneration of senior Hermes management is on a five-year horizon, and performance fees are over rolling three year periods. Nusseibeh, who has a background in the private funds management market starting at Mercury Asset Management, and working for Fortis among others, acts like an inhouse consultant, policing the boutiques to ensure they are doing what they said they would do, and that the overall risk is suitable. “Funds management is about memory. The only difference between a good and bad fund manager is that a good fund manager remembers five and a half of each 10 mistakes he makes, while a bad funds manager remembers only five,” he said.
30 November 2009 00:33
hermes, nusseibeh, remembers, alpha, created, didn’t, pension, scheme, external, boutiques, advantages, boutique
Investments
Rest Super has built its private equity program around a deliberately selective approach to manager and deal selection, favouring a concentrated roster of external partners and proactively seeking out top PE firms rather than waiting for them to come knocking. Head of private markets Marina Pasika unpacks the program’s coming of age and what powered an asset class return more than double the peer average in the last financial year.
Leave a Comment
You must be logged in to post a comment.