Feehan Investment Management: Hedge Fund or Mutual Fund?
In 2019, the chief executive officer (CEO) of Boston-based Feehan Investment Management faced a decision. After succeeding her father as CEO, she launched a quantitative research group, or "quant group," which used statistical and mathematical methods to determine investment strategies that were applied to incubate a long/short equity strategy. After incubating the strategy for three years and realizing good returns, the CEO wanted to open up this fund strategy to outside investment; however, she needed to decide on which fund structure to wrap this strategy in-a hedge fund or a mutual fund. Robert Pozen is affiliated with Massachusetts Institute of Technology. Matthew Doherty is affiliated with Massachusetts Institute of Technology.