By Sam Won
When fund managers discuss the topic of raising or retaining assets or investors share their requirements for investing, there is no prerequisite that comes up more often than whether a fund is deemed to be “institutional-quality.”
“Given that there is universal agreement among fund managers and service providers alike that in order for a fund to grow, prosper and attract institutional investors a fund must meet the institutional quality litmus test, then why is it that what it means to be institutional quality is so misunderstood? And, why is there such a large disparity in the definition of what it takes to be institutional quality?”
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