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00:28
The “unconventional” hedge fund investor. A family office's proactive approach in seeking better returns. Investing is comparable to Formula 1 Racing: Go as fast as possible without crashing. Higher returns don’t necessarily correlate with higher risks.
04:09
de Francisci has also seeded managers - what are his selection criteria? Unconventional due diligence: Investigating the lifestyle and even homes of fund managers gives unique access and insight. Unique due diligence tools, including lessons from backgammon games with managers.
11:14
“Feast, when there is plenty”: Why de Francisci prefers “phenomenal” over steady returns. Knowing when to be in the game is key.
17:48
Biggest risk is not generating sufficient returns.
22:07
Risk monitoring and fear of fraud: Unconstructive and overblown.
29:52
Reflections on Risk & Reward: Why safe investments can be unsafe, and risky (high yielding) strategies need not always be overly risky. Example: The low risk South Florida real estate strategy that made 300%.
36:33
The opportunist family office investor & seeder: The limits of de Francisci’s investment approach. Outsized returns are harder to find as hedge fund managers today are dumbing down their returns and strategies as to please the majority of investors.
40:21
The crisis in the hedge fund industry: - Excellence is contemptuous and mediocrity has become highly respectable. - Why can a certain group of “amateurs” outperform the “professional” investors?. - Why conservative investing is “bad, dangerous and unattainable”.

Giovanni de Francisci: The "unconventional" hedge fund investor

Jul 21 2014 7 Comments
Giovanni de Francisci is the portfolio manager of the Petschek Family office in Monaco, and in many ways an unconventional hedge fund investor. This Opalesque.TV BACKSTAGE video is a rare document on the preferences and investment philosophy that drives certain private family offices who typically tend to stay off the record.

For de Francisci, the biggest risk is not generating sufficient returns, therefore his main interest is to achieve outsized or even “phenomenal” returns. However, he also admits that the opportunistic investme ...more

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Talkback 7 Comments

Please use the comment feature below for your feedback, or email me at knab@opalesque.com. Thank you!

Matthias Knab Posted On Jul 21 2014

I was especially interested in Mr. Giovanni De Francisci's psychological component of his due diligence process. I've not heard of anyone going to such great lengths to ensure a successful relationship with a fiduciary and sincerely appreciated these insights. In addition to his deep industry experience and well honed instincts regarding investment vehicles Mr. Giovanni De Fransisci appears to also be keenly aware of the importance of human behavioral patterns during critical periods of uncertainty.

anonymous Posted On Sep 10 2014

Very interesting discussion, especially the recognition that higher returns do not correlate with higher risk.

anonymous Posted On Aug 27 2014

Great interview
Mr. Giovanni De Francisci's someone pragmatic and determined.
It's very nice to hear someone whose speech is not fixed and who knows whereof he speaks.
It's a breath of fresh air to listen Giovanni De Francisci.

Patrick Rolland Posted On Aug 08 2014

It's refreshing to hear from an investor who is not afraid to think for himself. Unfortunately, I have to agree with him that the majority (perhaps the large majority) of hedge fund managers today are no longer interested in shooting the lights out in terms of returns but are instead attracted to the fee-heavy business model, particularly given massive institutional inflows...

anonymous Posted On Aug 02 2014

Superb illustration of the bobcat and the bear analogy!

Has anyone else employed backgammon as a method of interviewing a PM? Brilliant!

anonymous Posted On Jul 24 2014

This man possesses the mindset of a champion and is an inspiration to the global wealth management ecosystem.

Ryan Hagan Posted On Jul 24 2014

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