INVESTORS...... STRATEGY FOLLOWS STRUCTURE OR STRUCTURE FOLLOWS STRATEGY?
Just a quick quiz......... Interested to hear an investors take on this? For example........... (being the devils advocate here, so take the question with a smile) one can say that there are the following models which follow structures such as the: Search Fund, Traditional Search Fund, Self Funded Search Fund, Single Sponsor Search Fund, Hedge Fund, Private Equity Fund, VC Fund, Fund of Funds etc. etc. etc. At some point strategy has to come into play. So the question is do you see the "Strategy" which has to be "played", as being formulated first to guide what type of Fund should be utilized to achieve one's objective or should the Structure be formulated before the strategy is put in place?