PivotalPath, the New York-based hedge fund research business, works with global allocator clients which are cumulatively responsible for hedge fund investments in excess of $450bn. That makes it one of three non-managers on the list for their influence.
Taking an expert-led and data-centric approach — founder Jon Caplis worked for several top hedge funds before launching in 2013 — PivotalPath supports clients with their benchmarking needs and searches.
The firm has been regularly mentioned in conversations with allocators and prime brokers in the last two years as a key force in accurately tracking institutional quality funds, helping allocator clients unearth new opportunities and make better decisions. It is increasingly seen as an unbiased and trustworthy bridge between allocators and managers.
The firm has been particularly prominent in the last 12 months emphasizing the need for better benchmarks and data standards to reverse a systemic under investment in hedge funds due to flawed and artificially low industry yardsticks.