PT  - JOURNAL ARTICLE
AU  - Ted Seides
TI  - A Matter of Trust
DP  - 2002 Sep 21
TA  - Special Issues
PG  - 103--110
VI  - 2002
IP  - 1
4099  - https://pm-research.com/content/2002/1/103.short
4100  - https://pm-research.com/content/2002/1/103.full
AB  - Poor returns from traditional asset classes, a concurrent bear market for private equity, and acceptance of hedge funds have all led institutions to adopt hedge fund investments in search of returns they once expected from public and private equities. And for many large institutions to invest in hedge funds, trustees must be comfortable with lack of transparency in this industry. Hedge fund managers have conflicting interests. The author contends that transparency correlates directly with trust and understanding between a manager and an investor. While attempts by industry associations and intermediaries to address transparency issues are commendable, only interpersonal trust and understanding can address the cause.