Mon, Sep 25, 2017
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Alternative Market Briefing

Not every hedge fund starting out in Connecticut will succeed

Thursday, October 18, 2012

amb
Steve Simmons
Benedicte Gravrand, Opalesque Geneva:

Participants at the recent Opalesque Connecticut Roundtable agreed on the whole that while the quality of life is high and the costs of maintaining a business are lower in Connecticut, it just ain't New York - as New York is the place where funds can have a superior infrastructure, be close to service providers and investors. And hedge fund start-ups above all need that proximity. Although those hedge funds starting out in Connecticut could survive with a "robust business plan" and benefit from "thinking more clearly."

"We are seeing numerous funds launching in Connecticut, although not every one will succeed," said Steve Simmons, Managing Director at Southport Harbor Associates, a hedge fund consultant.

"You could be a fantastic trader within a prop trading environment in New York City," he continued, "but if you are unable to create a proper business and the requisite infrastructure, which can be difficult to do at times, being removed from many of the service providers who are a stone's throw away in NYC, you will fail."

We all dream of no longer working for a big firm and starting out on our own, he told the Roundtable, which is the same romantic idea behind starting a bed and breakfast. However if you do not know how to cook or how to advertise, the business will not suc......................

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. iCapital Network enters deal to acquire innovative U.S. private equity access fund platform from Deutsche Bank[more]

    Komfie Manalo, Opalesque Asia: Financial technology platform iCapital Network has entered into a definitive purchase agreement to acquire the US Private Equi

  2. Asia - Hedge funds used to love shorting China. Now, not so much, Fledgling China FoFs require careful use: NCSSF, Amac, Japanese banks turn to PE, hedge funds for returns[more]

    Hedge funds used to love shorting China. Now, not so much From Bloomberg.com: A sharp devaluation. A credit crisis. And an economic hard landing. That's what some of the biggest names in the hedge fund industry were predicting for China after the nation's stocks and currency tumbled in 2

  3. Launches - Orchard launches new credit platform, ETN based on hedge fund to launch on the LSE[more]

    Orchard launches new credit platform Orchard Platform has rolled out Deals as a part of its new platform launch. With the addition of Deals to their suite of technology solutions for loan originators and institutional investors, Orchard Platform takes the next step in their evolution. De

  4. Neuberger Berman closes $1.1bn Credit Opportunities Fund[more]

    Neuberger Berman, a private, independent, employee-owned investment manager, announced that NB Private Equity Credit Opportunities Fund LP closed on $1.1 billion of limited partner commitments. The Fund seeks to invest in the secured and unsecured debt of private equity-backed companies, primarily i

  5. Capital Dynamics launches mid-market private credit business[more]

    Capital Dynamics, a global private asset manager, has launched a dedicated Private Credit Asset Management business. Experienced industry executives Jens Ernberg and Thomas Hall have joined Capital Dynamics to co-lead the company's new private credit initiative. They are based in Capital Dynamics' N