Thursday, June 10, 2010

Eagle's View Asset Management

Recently, I reconnected with a colleague and friend of mine, Neal Berger, who currently runs a niche ultra high net worth investment advisory service specializing in hedge funds. Neal also runs a niche Fund of Funds, and only invests in strategies that are off-the-radar from the mainstream. His returns have been phenomenal, and this is largely due to his experience of running his own hedge fund, Apogee, prior to running his current niche FOF, Eagle's View. I've known Neal for about seven years now, and met him through another friend of mine, Sail Adler. What immediately struck me about Neal, and continues to impress me about him, was not only his extensive knowledge about the markets from a risk and trading perspective, but also his passion for them as well, and his heartfelt concern for the investors to whom he serves as fiduciary. The hedge fund industry is fraught with players who are egoists and while Neal has a competitive spirit, he truly cares for his clients and invests his own capital alongside them. I've enjoyed my professional interactions with Neal and more recently have enjoyed getting to know him a bit more on a personal level.

Neal's view is one which, I believe, should be shared by more in the hedge fund industry; the real edge of hedge funds is to identify opportunities that others have not identified, and then to exploit the market inefficiencies that those opportunities create. Neal has simply applied this theorem to finding hedge funds and hedge fund strategies that others have not yet found.

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