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Portfolio > Alternative Investments > Hedge Funds

CMRA Settles on a Customized Approach

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NEW YORK (HedgeWorld.com)–Capital Market Risk Advisors has expanded the services it offers in the funds of funds arena to give clients more customized assistance in the creation of funds of funds portfolios.

Clients can now choose from services such as portfolio construction, manager selection, risk monitoring or ongoing due diligence, said Leslie Rahl, president of CMRA. The firm has been working with a number of institutional investors, specifically assisting in hedge fund due diligence.

Ms. Rahl has observed a real need in the area of due diligence and manager selection, especially when institutional investors are dealing with more complex hedge fund strategies. A lot of the firm’s work has been project-oriented with investment banking, investment management, hedge fund, fund of funds and institutional investor clientele all taking an interest in the firm’s risk management techniques.

The firm’s clients have included: California Public Employees’ Retirement System; Ontario Teachers’ Pension Plan Board; Ventana Capital, a fund of funds manager; Credit Lyonnais and Dresdner Bank, according to the firm’s web site. In 10 years, the firm has amassed more than 200 clients on six continents, Ms. Rahl said.

Ms. Rahl also has a forthcoming book on transparency. “Hedge Fund Transparency: Unraveling the Complex and Controversial Debate” will be published in November. The book interviews 26 practitioners offering both the hedge fund and investor point of view of transparency. A portion of the book’s revenues will be donated to the Investor Risk Committee of the International Association of Financial Engineers, which Ms. Rahl chairs. The group has been working to establish a standard for hedge fund transparency.


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