Fund of hedge funds manager Amanda Haynes-Dale was one of the earliest fund of hedge funds managers and one of the first women to become a power player in alternative investments. She started her initial fund, Pan Multi Strategy, in January 1991 and has built Pan Reliance Capital Advisors into one of the most respected allocators in the alternatives industry.
With her 20 years of experience in managing funds of hedge funds, Ms. Haynes-Dale describes how the hedge fund industry has evolved from its early days, when hedge funds were typically “a couple of guys and a phone”, to the institutionalization that has turned it into a multi-trillion dollar industry. She discusses identifying emerging talent in the 1980s and 1990s, which led to allocations into future star managers such as David Einhorn and Mark Kingdon.
Ms. Haynes-Dale addresses the public backlash against funds of hedge funds that occurred following the financial crisis, and why going forward these vehicles remain a vital source of risk-adjusted returns. She also says that despite the benefits of greater transparency and increasing allocations, institutionalization is also “paralyzing” many institutional investors into a “box-checking” methodology that can neglect the best performing managers.
Learn about:
• How hedge fund investors picked funds 20 years ago
• The Pan Reliance edge, a long-term investment philosophy
• When to redeem from a manager
• Improvements of the woman’s place in hedge funds
About Amanda Haynes-Dale:
Ms. Haynes-Dale currently serves as a Managing Director of Pan Reliance Capital Advisors (‘Pan Reliance’), a New York fund of hedge funds manager focused on high net worth individuals, family offices and small to mid size institutions. Pan Reliance manages the Pan and Reliance family of funds. Pan Reliance is a Women Owned Business Enterprise (‘WOBE’), certified in both the city and state of New York.
Ms. Haynes-Dale has one of the longest and most successful track records in the fund of hedge funds industry. In January 1991, she started her first fund, Pan Multi Strategy LP and has been the lead portfolio manager on the fund ever since. Ms. Haynes-Dale also serves on the investment committee of the Rock Maple Funds, a fund of hedge funds group in New York and Tokyo. From 1998-2004, Ms. Haynes-Dale also served on the Advisory Board of Key Asset Management, a funds of hedge funds group, now part of Swedish bank SEB.
Prior to founding her own firm, Ms. Haynes-Dale was a registered representative and investment manager for Wertheim & Co (now part of Morgan Stanley Smith Barney). Ms. Haynes-Dale graduated from the New York Institute of Finance, after attending New York University Stern School of Business, the Madeira School in Greenway, Virginia and the Spence School in New York City.
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Fund of hedge funds manager Amanda Haynes-Dale was one of the earliest fund of hedge funds managers and one of the first women to become a power player in alternative investments. She started her initial fund, Pan Multi Strategy, in January 1991 and has built Pan Reliance Capital Advisors into one of the most respected allocators in the alternatives industry.
With her 20 years of experience in managing funds of hedge funds, Ms. Haynes-Dale describes how the hedge fund industry has evolved from its early days, when hedge funds were t
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