Sat, Jan 31, 2015
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Alternative Market Briefing

Big seed firms make a push for emerging managers

Thursday, March 31, 2011

amb
Patric de Gentile-Williams
From Kirsten Bischoff, Opalesque New York:

As hedge fund allocations have risen over the past few months, the few large seed firms left post-crisis have begun making a push for the emerging managers they have seeded and continue to hunt for more. Blackstone Group recently announced that $355m has been raised from investors for its new seed fund the Strategic Alliance Fund II. And FRM Capital Advisors (FCA) says an event it held last week presenting managers the firm has seeded to potential investors saw a turnout so successful that at 80 investors it was double what the firm had expected.

"There is increasing investor interest in emerging managers. And people are not only looking but are allocating to emerging managers in 2011," FCA Chief Operating Officer Patric de Gentile-Williams told Opalesque.

It is that last point that is the significant change over 2010, when at year-end the hedge fund industry started to finally see more launches taking place, but with much smaller assets under management targets and announcements of seed capital infusions running few and far between.

Aside from the typical advantages that de Gentile-Williams says seed investors maintain (ie, incremental returns, increased interaction with managers, greater transparency, etc), there has been a change in the pedigree of many emerging managers, where post the financial crisis shakeout, these managers have a tendency to bring a greater breadth and depth of financi......................

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: Ex-Citi trader launches 'sleep-at-night’ long/short equity fund[more]

    Benedicte Gravrand, Opalesque Geneva for New Managers: After working at Citi's proprietary trading desk, managing a large portfolio between 2008 and 2011, Joel S. Salomon founded SalaurMor Management in New Yor

  2. Investing - U.S. investors favor currency hedged Europe ETFs as euro tumbles, Quants win back investors as Swiss franc fuels volatility gains, David Einhorn's $7bn hedge fund is loading up on this stock, Hedge fund BlueMountain Capital unveils Ocwen Financial short, claims default on notes[more]

    U.S. investors favor currency hedged Europe ETFs as euro tumbles From Reuters.com: U.S. investors stung by the falling euro who want to stay invested in Europe are turning to exchange-traded funds designed to strip out the impact of the region's currency. The biggest among so-called "cur

  3. News Briefs - Millennials use tech tools to jump into investing, Winklevoss twins to launch bitcoin exchange with FDIC insured deposits, Robertson’s legacy from hedge funds to New Zealand, Real estate managers exploring smaller open-end funds[more]

    Millennials use tech tools to jump into investing It is the Facebookification of monetary investing. From social networking platforms that enable young investors to stick to every other's stock-picking mojo, to internet sites for initially-timers hungry for a piece of the Silicon Valley

  4. Update: Prosecutors seek 12 years for hedge fund manager Francisco Illarramendi[more]

    Komfie Manalo, Opalesque Asia: Federal prosecutors have asked the court to sentence convicted hedge fund manager Francisco Illarramendi to 12 years imprisonment for running an elaborate Ponzi scheme that bilked investors hundreds of millions in dollars, including a Venezuelan pension fund, report

  5. Institutions - Ontario pension fund leader calls all asset classes ‘expensive’, Taiwan's BLF plans $2bn in alternative mandates[more]

    Ontario pension fund leader calls all asset classes ‘expensive’ From WSJ.com: The head of one of the world’s largest pension funds said that across asset classes, “everything is expensive.” Ron Mock, who leads Canada’s $141 billion Ontario Teachers’ Pension Plan, said that the plan would