Target Return

Establish client return objectives and timeframe

 

Risk

Understand client's risk appetite and establish portfolio risk framework accordingly

 

Liquidity

Consider client's need for liquidity and construct corresponding liquidity budget

 

Portfolio Fit

Assess how hedge fund allocations fit within client's broader portfolio

 

Strategies and Geography

Establish if client explicitly needs to avoid or target certain strategies or geographies

 

Structure

Consider tax, legal and regulatory issues

 

Reporting

Frequency, transparency and type of client reporting