Barry Colvin gave up his competitive running career years ago to devote himself to keeping Tremont?s fund of hedge funds business on track. ?My favourite hobby is working to run this business,? he says. While he exudes dedication to his job he says: ?If I wasn?t doing this, I?d run a health club. I love that environment.? In his position as president and CIO of Tremont since the beginning of 2002, Colvin leads the firm?s research and investment management activities. Over coffee at the Park Lane Hotel in London, he explains he?s in the city to research hedge fund managers. He spends a lot of time on business travel, so his wife usually joins him.
Colvin joined Tremont as director of research in 1999. He says of his first year: ?I reordered the firm to focus on top-down selection in addition to manager selection.? That is, he concentrated on finding good strategies as well as good managers, rather than purely on bottom-up manager selection.
In the same year, he reoriented the department from being generalists into strategy specialists: ?So people focus on particular strategies.