Fri, Sep 30, 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. Studies - Hedge funds’ study reveals vast disparity in types of investors securing side letter arrangements, Cambridge: Look to private investments for best access to LatAm growth[more]

    Hedge funds’ study reveals vast disparity in types of investors securing side letter arrangements A new study of the hedge fund space by industry law firm Seward & Kissel LLP reveals a wealth of information regarding established hedge fund managers’ use of side letters—special agreements

  2. Activist News - Caesars 'optimistic' on deal with hedge fund creditors[more]

    From Reuters.com: Caesars Entertainment Corp said on Monday it remains "optimistic" of reaching a $5 billion deal with the bulk of its creditors to push its main operating unit out of bankruptcy, but one hedge fund bondholder said it will pursue litigation. Caesars offered a sweetened $5 billion set

  3. Hedge funds recover from losses as central banks give markets a respite[more]

    Komfie Manalo, Opalesque Asia: The Lyxor Hedge Fund index was up 0.4% from the week ending September 20 (-2.4% YTD), supported by the willingness of central banks to remain accommodative, Lyxor Asset Management said in its weekly briefing. It ad

  4. Perry Capital closing flagship fund after almost three decades[more]

    From Blooomberg.com: Richard Perry, one of the biggest names in hedge funds, is calling it quits after 28 years. Perry, 61, is winding down his New York-based flagship fund as the industry confronts one of the most tumultuous periods in its history. In a letter to investors Monday, he said his style

  5. Eden Rock buys Gottex stake in ERG Asset Management[more]

    Matthias Knab, Opalesque: Eden Rock Group announced the purchase of Gottex’s stake in ERG Asset Management and so the firm is now wholly owned by Eden Rock. The two firms established the joint venture in 2011 to focus on providing cost effective solutions to funds holding illiquid investments, as