Sat, May 30, 2015
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Alternative Market Briefing

Into the fire - managers who launched into the global financial crisis and were strong enough to survive - Part Two

Wednesday, October 20, 2010

From Kirsten Bischoff, Opalesque New York:

They are the managers who launched into the worst financial crisis since The Great Depression. The swelling ranks they joined would soon be devastated from the investor redemptions and performance losses that took the industry from a peak of $2.1tln assets down to $1.5tln as of this year.

Those that survived the most devastating time in hedge fund industry history enter the expected period of asset growth in a position of strength. Smaller, newer firms have been shown to deliver strong performance and although that has been in their favor, the asset-raising environment has not. Even though $100m has officially been declared the new $1bn for hedge fund launches, for many young funds $100m is not a realistic launch but remains a long-term asset-raising goal.

The good news is launching into such turbulence has provided managers with more than just gray hair. They have been given the chance to build up track records that illustrate mastery of their strategy and excellent risk management. Although much of the current asset growth is being funneled into larger funds, these managers maintain that consistent performance and a long-term outlook for building their businesses will eventually translate into sharing the assets expected to return (in excess of previous highs) to the industry.

Suranya Capital Partners For Anu Murgai, Managing Principal and Portfolio Manager of Connecticut-based Suranya......................

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: New TMT hedge fund adopts the long-term approach[more]

    Benedicte Gravrand, Opalesque Geneva for New Managers: Adam Parker founded Center Lake Capital LLC in New York in November 2014. Before that, he was portfolio manager at Point State Capital (the successor fund to Dr

  2. Regulatory - Hedge funds face tax as Iceland poised to end capital controls, Comment: Why alternatives need more transparency, not enforcement[more]

    Hedge funds face tax as Iceland poised to end capital controls From Bloomberg.com: Hedge funds and other investors who bought claims against Icelandís failed banks face a tax that targets the lendersí estates as the government prepares to unveil its plan for exiting capital controls in t

  3. Investing - Nelson Peltzís Trian Fund Management reduces position in Legg Mason, Biotech investors up big amid bubble talk, Hedge funds increase exposure in healthcare[more]

    Nelson Peltzís Trian Fund Management reduces position in Legg Mason From Octafinance.com: Trian Fund Management has filled a SC 13D/A form regarding Legg Mason, Inc. Per Nelson Peltzís Trian Fund Managementís filing, the filler reported decreased stake in the company by -11.05% to 11,03

  4. All hedge fund strategies rebounded last week as market conditions normalize[more]

    Komfie Manalo, Opalesque Asia: After a difficult start this month, all hedge fund strategies ended last week in positive territory, as the Lyxor Hedge Fund Index gained 0.9% (-0.2% MTD, 3.3% YTD). According to Lyxor AMís latest Weekly Briefing, in t

  5. Billionaire hedge fund investor Odey says April 'bloody', has cut risk[more]

    From Reuters/Yahoo.com: Billionaire hedge fund manager Crispin Odey has cut risk and leverage following a stunning 19.3 percent loss in his 3.1 billion euros (2 billion pounds) Odey European Inc fund in April, a letter to investors seen by Reuters showed. Describing the month as "bloody", Odey

 

banner