Deepak Gurnani is Co-Founder and Head of the $5bn hedge fund portfolio at $12bn, global alternative asset manager Investcorp.
In this Opalesque.TV interview we learn that the firm’s investment process has always been rooted in addressing the typically lax hedge fund risk management practices, which according to Gurnani are “at best, average”. Since inception Investcorp has evolved with the needs of its investors from a past focus on fund of funds to its present growth as a hedge fund solutions provider, whereby only 16% of the business is invested through fund of funds and the remainder through customized solutions, seeding businesses and a single manager platform.
The Alpha Project
Gurnani’s belief in the role of quantitative analysis lead him and Investcorp to develop the Alpha Project, a program 9 years in the making that identifies systematic components of hedge fund returns in order to capture alpha and beta in managers’ returns.
Learn about:
• Why managed accounts are appealing from a risk perspective
• Research shows managed account negative selection bias is wrong
• What is the Alpha Project? Separating alpha generating managers
• Alpha Project to inform hedge fund cyclicality and tactical asset allocations
• Investcorp’s dedicated Quantitative Research Team
Deepak Gurnani joined Investcorp in 1993 and established the risk management function. Deepak subsequently became the risk manager for Investcorp globally covering all lines of business and also a member on the Commitment Committee for the bank. He was one of the founding members of the hedge funds business in 1996 and currently serves as Head of Hedge Funds.
Gurnani was recently identified as a “risk management mastermind” in a profile on his business and investment strategies in Cathleen Rittereiser’s book “Top Hedge Fund Investors”, and he attributes Investcorp’s 18 years of hedge fund investing success to a focus on risk management that has resulted in a unique and highly sophisticated hedge fund investment process.
Prior to Investcorp, Deepak Gurnani spent six years with Citicorp where he was engaged in various management/information technology consultancy assignments with Citicorp/Citibank offices in Europe. Deepak holds a BTec from the Indian Institute of Technology, Delhi, and an MBA (specializing in banking, finance and systems) from the Indian Institute of Management, Ahmedabad.
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Deepak Gurnani is Co-Founder and Head of the $5bn hedge fund portfolio at $12bn, global alternative asset manager Investcorp.
In this Opalesque.TV interview we learn that the firm’s investment process has always been rooted in addressing the typically lax hedge fund risk management practices, which according to Gurnani are “at best, average”. Since inception Investcorp has evolved with the needs of its investors from a past focus on fund of funds to its present growth as a hedge fund solutions provider, whereby only 16% of the busin
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