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 E., "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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