TY - JOUR T1 - A Matter of Trust JF - Special Issues SP - 103 LP - 110 VL - 2002 IS - 1 AU - Ted Seides Y1 - 2002/09/21 UR - https://pm-research.com/content/2002/1/103.abstract N2 - Poor returns from traditional asset classes, a concurrent bear market for private equity, and acceptance of hedge funds have all led institutions to adopt hedge fund investments in search of returns they once expected from public and private equities. And for many large institutions to invest in hedge funds, trustees must be comfortable with lack of transparency in this industry. Hedge fund managers have conflicting interests. The author contends that transparency correlates directly with trust and understanding between a manager and an investor. While attempts by industry associations and intermediaries to address transparency issues are commendable, only interpersonal trust and understanding can address the cause. ER -