The Long-Short 100. Family Fortunes
Mar 19, 2025
Chloe Duanshi, Head of Macro & Investment Strategy at Rockefeller Capital Management, shares her expertise on navigating the complex world of family offices. She discusses the subtle but powerful role they play in hedge funds and alternative investments. Chloe highlights the importance of regulatory clarity for digital assets and explains how AI can enhance U.S. productivity and economic leadership. She also addresses client demand for private credit and the potential for high-dispersion equity long-short strategies in uncertain markets.
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Macro-First Allocation Framework
- Rockefeller treats investments by mapping macro economic exposures instead of rigid asset-class buckets.
- Chloe Duanshi says this reveals what risks are taken and guides flexible portfolio construction.
Seek Orthogonal Alpha
- Use alternatives to add genuinely different return sources that aren't replicable by equity or bond beta.
- Chloe Duanshi advises focusing on orthogonal alpha when evaluating hedge funds and private strategies.
Judge Funds By Net Contribution
- Evaluate hedge funds on net-of-fee contribution, not headline fees.
- Chloe Duanshi flags closet beta as less impressive than true, unique alpha.