Thu, May 26, 2016
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. Paul Tudor’s hedge fund trims fee amidst poor performance, keep investors[more]

    Komfie Manalo, Opalesque Asia: Paul Tudor’s $11.6bn hedge fund firm Tudor Investment Corp. announced on Monday it would slash down fees of one of its biggest fund to 2.25% of assets and 25% of profits amidst backlash arising from poor performa

  2. Ares Capital to buy American Capital in $3.4 billion deal[more]

    From PIOnline.com: Ares Management's business development company Ares Capital Corp. is buying troubled BDC American Capital for $3.43 billion, said a joint news release by the BDCs and another release by Ares Management. Ares Capital Corp.'s assets are expected to grow to about $13.2 billion when t

  3. Performance - Hedge fund ETFs take a battering, Have long-short credit funds delivered?[more]

    Hedge fund ETFs take a battering From ETFStrategy.co.uk: It was a blow for the hedge fund world when Hillary Clinton’s son-in-law Marc Mezvinsky announced he would be closing his Greek-focused fund after it plummeted in value by 90%, just two years after it launched. For passive investor

  4. West Virginia objects to Alpha Natural sale to hedge fund[more]

    From AP/Heraldcourier.com: West Virginia's environmental authority has filed an objection to the proposed $500 million sale of Alpha Natural Resources' assets to a hedge fund, arguing that the deal could leave the state holding hundreds of millions in reclamation liabilities. The Register-Hera

  5. Launches - Man Group and American Beacon launch new emerging debt fund, Nikko AM launches new Japan equity UCITS fund[more]

    Man Group and American Beacon launch new emerging debt fund American Beacon Advisors, an experienced provider of investment advisory services to institutional and retail markets, launched the American Beacon GLG Total Return Fund today. The Fund became effective May 20. The America