Shuli Ren, Columnist
In fundraising, storytellingis more important than a good track record.
By
Shuli Ren is a Bloomberg Opinion columnist covering Asian markets. A former investment banker, she was a markets reporter for Barron’s. She is a CFA charterholder.
As equity long-short hedge funds suffer massive withdrawals, once high-flying stockpickers, such as Julian Robertson’s Tiger Cubs, can look to Cathie Wood for some inspiration on how to fundraise and retain clients.
After the 2022 bear market, investors have grown skeptical that growth-oriented managers can protect their portfolios during downturns. Those searching for undervalued companies are also not favored. Greenlight Capital’s David Einhorn lamented that the rise of passive index funds and algorithmic trading has eroded the equity market’s ability to discover value.
