Thu, Mar 30, 2017
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Alternative Market Briefing

Banks’ retreat from traditional activities boosts hedge funds profits

Wednesday, June 26, 2013

amb
Robert Graham-Smith
From Komfie Manalo, Opalesque Asia:

Banks retreating from their traditional activities, particularly in Europe, is boosting hedge fund returns, agreed hedge fund managers who attended the latest Opalesque 2013 Australia Roundtable sponsored by Eurex and Australian Fund Monitors.

Robert Graham-Smith, portfolio manager at Perpetual Investments said that the retreat of banks from their usual portfolios has created opportunities for the broader alternative fund industry and particularly private markets over the last six to 12 months.

"We are seeing the opportunity to achieve up to low double digit returns through managers lending money to corporates," Graham-Smith said and added, "Although these are less liquid opportunities, earning a strong contractual return while focusing on strong companies and remaining high up in the capital structure we believe is a very attractive proposition versus more liquid bond markets."

He added that most of these opportunities are being driven by regulatory changes such as Basel III where traditional lenders are not providing finance to strong middle market corporates in some cases. Monik Kotech of Insync Fun......................

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: FS Investments launches energy fund[more]

    Bailey McCann, Opalesque New York: $19 billion Philadelphia-based FS Investments has launched a new interval fund which will invest in energy. The FS Energy Total Return Fund is the firm's first closed-end interval fund and will invest opportunistically in energy companies and assets. FS

  2. Opalesque Exclusive: Aberdeen makes the case for the lower mid-market[more]

    Bailey McCann, Opalesque New York: Aberdeen Asset Management has released a new paper focused on lower mid-market private equity. According to the paper, this segment of the private equity market is gaining popularity with private equity investors that are looking for multiple expansion and less

  3. Hedge funds await outcome of French elections, feel pinch on lower oil prices & weak dollar[more]

    Komfie Manalo, Opalesque Asia: Hedge funds felt the pinch of lower oil prices and weak U.S. dollar as the Lyxor Hedge Fund Index was marginally down as of the week ending 14 March, Lyxor Asset Management said in its Weekly Briefing. The Lyxor He

  4. Opalesque Exclusive: Swiss start-up and German fund manager to launch AI hedge fund[more]

    Benedicte Gravrand, Opalesque Geneva for New Managers: NNAISENSE, a Swiss start-up that develops artificial intelligence (AI) and machine learning applications, and

  5. Eric Mindich to shutter hedge fund Eton Park after difficult 2016[more]

    Komfie Manalo, Opalesque Asia: Erich Mindich is shutting down his hedge fund Eton Park after losing 9% in 2016 and its assets falling by $2bn to the current $7bn, Reuters reported. Mindich told investors