| Process |
The Polaris investment process involves filtering through numerous alternative investment managers each year. Many candidates are brought to our attention through long-term relationships with hedge fund consultants and alternative marketing organizations. Others come by way of direct contact and peer recommendations. There are no short cuts to identifying good managers: the selection process requires significant due diligence and hard work. By analyzing returns, evaluating strategies, probing references, and conducting in-depth manager interviews, Polaris seeks to identify top talent. Continued tracking and monitoring of performance versus the manager’s strategy and tactics leads to active decisions to terminate relationships.
Polaris creates both single-manager and multi-manager hedge funds. The single-manager funds are long-time specialists in a specific market niche or strategy. The design of multi-manager funds combines advisors believed to have proven histories demonstrating non-correlated returns with each other and the general markets. This is how the process seeks to achieve actual, meaningful diversification.
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