Quality Control – How to make sure you add the right hedge fund to your soup
Barowsky School of Business
Back in the early 2000s, the BlackRock Multi-Asset Client Solutions (BMACS) Group’s Client Strategy team noticed a pattern of client inquiries surrounding hedge funds and, more specifically, how they might fit within institutional portfolios. My mantra became: “Waiter! What’s this hedge fund doing in my soup?” The title is a play on a joke about a diner who asks the waiter to explain why a bug is in his soup. The waiter’s explanation, “well, sir, it appears to be the backstroke,” is literally correct, but doesn’t really answer the client’s question.
Dopfel, Frederick, "Quality Control – How to make sure you add the right hedge fund to your soup" (2012). Collected Faculty and Staff Scholarship. 181.
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