John Hess, Chief Executive Officer, Altius Associates Ltd

Abstract

In Chapter 3 Nick Ferguson mentioned advisory firms that help limited partners direct capital to funds that match their priorities. Such businesses largely target mid-size investors that are big enough to retain such firms but not so large that they can justify hiring in-house analysts. They also help sizeable private equity investors allocate capital to geographically non-core territories (for instance, large US investors that invest the bulk of their money in North America using in-house expertise might rely on a third party for their European and Asian diversification).