Mon, Jul 25, 2016
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Alternative Market Briefing

Hedge fund providers not ready to count fund of funds out of the game

Wednesday, September 22, 2010

From Kirsten Bischoff, Opalesque New York:

There were 54 closures of fund of hedge funds (FoHF) during the second quarter of 2010 according to Hedge Fund Research (Source). While this number remains too large for comfort (it works out to approximately 4 liquidations per week), the slowing pace offers a hint of relief compared to the overall number of FoHF (800) that have vanished in the past two years.

"Hedge funds need fund of funds," says Don Steinbrugge Managing Partner at marketing firm Agecroft Partners. "Fund of funds tend to be strong investors into small and mid-sized hedge funds, whereas many other large, institutional investors at this point are still flocking to the biggest, most established names."

While multiple voices continue to sound the death knell for FoHF, the slowdown of liquidations may indicate that this area of the market is finally stabilizing. In fact, out of the 800 number floated by HFR, only 500 of those FoHFs that have disappeared have been liquidations - the rest may be attributed to mergers and acquisitions as the industry contracted (a trend seen all across the asset management industry).

"There was a downturn with fund of funds since 2008, but from our standpoint we d......................

To view our full article Click here

Today's Exclusives Today's Other Voices More Exclusives
Previous Opalesque Exclusives                                  
More Other Voices
Previous Other Voices                                               
Access Alternative Market Briefing

 



  • Top Forwarded
  • Top Tracked
  • Top Searched
  1. Opalesque Exclusive: California-based manager launches long/short equity hedge fund with unique algorithm[more]

    Benedicte Gravrand, Opalesque London for New Managers: SJL Capital LLC, an investment advisory firm based in California, has launched its maiden fund, the SJL MarketDNA Hedge Fund LP. The fund, which began trading

  2. Manny Roman to move from Man to Pimco[more]

    Benedicte Gravrand, Opalesque London: Emmanuel (Manny) Roman, an investment world veteran, has been hired by PIMCO, the large US bond fund house, as chief executive officer. PIMCO's current CEO Douglas Hodge will assume a new role as managing director and senior advisor when Roman joins P

  3. Opalesque Exclusive: ArbitrOption outperforms benchmarks, up 7.18% in H1[more]

    Komfie Manalo, Opalesque Asia: Independent registered advisor ArbitrOption breezed through the tumultuous Brexit referendum and outperformed its benchmarks. ArbitrOption was up 7.18% in the first half of 2016 compared to the S&P 500 which gain

  4. Europe - European hedge funds shrink and shutter as turmoil hurts returns, Investors go bargain-hunting for U.K. property after Brexit vote, Brexit: Guidance for fund directors - what to know and what to ask[more]

    European hedge funds shrink and shutter as turmoil hurts returns From Bloomberg.com: Europe’s hedge-fund industry contracted for a sixth straight quarter as the U.K.’s decision to leave the European Union and concerns that China’s growth is slowing caused losses and forced some money man

  5. Platinum Partners starts liquidation of hedge funds following municipal union kickback scandal[more]

    Komfie Manalo, Opalesque Asia: Platinum Partners, the hedge fund in the middle of a New York City municipal union kickback investigation, is reported to be liquidating two of its funds, the New