Wed, Jul 27, 2016
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Alternative Market Briefing

More investment banks to offer 'hedge funds for the masses’

Wednesday, July 03, 2013

Komfie Manalo, Opalesque Asia:

From Komfie Manalo, Opalesque Asia:

After Goldman Sachs’ successful launch of a "hedge fund for the masses" in May that allowed retail investors to allocate as low as $1000 into the once exclusive hedge funds space, more investment banks are reported to be interested in offering the same portfolio to their clients.

According to a report by CNBC, Amy Bensted, head of hedge fund research at alternative asset data provider Preqin, investment banks, including Merrill Lynch and UBS are in the process of finalizing details to offer hedge funds for the masses as investors are moving away from traditional wealth managers to provide them alternative investment services.

The report quoted Bensted as saying, "A lot of institutional money is flowing from, say, a Credit Suisse fund to a Bridgewater fund. There has been a move from relying on wealth managers or investment banks to pure asset management shops – so for investment banks, they need to get these smaller investors in and are trying to get them used to hedge fund investing."

With a minimum of $1000, people can invest in hedge funds or alternative investments. Bensted noted that retail investors are looking to diversify their portfolios amidst low interest rates in the global markets. The low investment will make it more affordable for some people to invest in hedge funds to diversify their holdings, she said.

Since ......................

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: California-based manager launches long/short equity hedge fund with unique algorithm[more]

    Benedicte Gravrand, Opalesque London for New Managers: SJL Capital LLC, an investment advisory firm based in California, has launched its maiden fund, the SJL MarketDNA Hedge Fund LP. The fund, which began trading

  2. Manny Roman to move from Man to Pimco[more]

    Benedicte Gravrand, Opalesque London: Emmanuel (Manny) Roman, an investment world veteran, has been hired by PIMCO, the large US bond fund house, as chief executive officer. PIMCO's current CEO Douglas Hodge will assume a new role as managing director and senior advisor when Roman joins P

  3. Europe - European hedge funds shrink and shutter as turmoil hurts returns, Investors go bargain-hunting for U.K. property after Brexit vote, Brexit: Guidance for fund directors - what to know and what to ask[more]

    European hedge funds shrink and shutter as turmoil hurts returns From Bloomberg.com: Europe’s hedge-fund industry contracted for a sixth straight quarter as the U.K.’s decision to leave the European Union and concerns that China’s growth is slowing caused losses and forced some money man

  4. Platinum Partners starts liquidation of hedge funds following municipal union kickback scandal[more]

    Komfie Manalo, Opalesque Asia: Platinum Partners, the hedge fund in the middle of a New York City municipal union kickback investigation, is reported to be liquidating two of its funds, the New

  5. SWFs - Abu Dhabi wealth fund says long-term investment gains fell[more]

    From Bloomberg.com: The Abu Dhabi Investment Authority, one of the world’s biggest sovereign wealth funds, said its long-term gains dropped in 2015. The fund’s 20-year annual rate of return slowed to 6.5 percent at the end of 2015, from 7.4 percent a year earlier, it said in its annual review. Over