Fri, May 22, 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. Comment - Top hedge fund managers talk about how easy their jobs have gotten, BlackRock to Schroders warn of Argentina’s $20bn bond glut, The 35-year “investment supercycle” is drawing to a close, says Bill Gross, Gundlach: When the Fed starts hiking rates, 'GET OUT' of this asset class[more]

    Top hedge fund managers talk about how easy their jobs have gotten From Businessinsider.com.au: Time was, before the financial crisis hit, corporate boards treated multi-billion dollar hedge fund managers like Jehovah’s Witnesses pounding on their doors and flashing bibles. But no more.

  2. T Rowe's challenge to Dell deal may fuel critics of 'appraisal'[more]

    From Reuters.com: An increasingly popular tactic used by hedge funds and others to extract more money from buyouts could soon face a major courtroom test when a big investor in Dell Inc may argue that it should be paid a higher price for the 2013 acquisition of the PC maker. The strategy, known as "

  3. News Briefs - Ergen says LightSquared plan unfairly favors hedge funds, Why hedge fund managers make good advisory clients, I learned a lot about dad-bros after spending 4 days in Vegas with 2,000 hedge funders[more]

    Ergen says LightSquared plan unfairly favors hedge funds LightSquared Inc.’s bankruptcy plan gives hedge funds that invested in the broadband company a leg up while blocking telecommunications firms from competing with it, a fund owned by Dish Network Corp. Chairman Charles Ergen said in

  4. Opalesque Exclusive: SEC approves proposed changes to Form ADV, '40 Act - comment period to follow[more]

    Bailey McCann, Opalesque New York: Hedge funds and providers of liquid alternatives will want to pay close attention to proposed reforms approved by the SEC yesterday. The changes will require more frequent reporting, as well as a closer look into social media, liquid alternative strategies, and

  5. Opalesque Exclusive: Ovation Partners targets opportunities where few "natural lenders" participate[more]

    Benedicte Gravrand, Opalesque Geneva for New Managers: Changes in financial regulations post-2008 (Dodd-Frank and Basel III) are forcing banks to significantly alter their core lending businesses. And as mid-sized

 

banner