Sun, Jan 25, 2015
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Alternative Market Briefing

Infovest21 study shows trend of more big names launching 40 Act funds

Thursday, July 18, 2013

Komfie Manalo, Opalesque Asia:

More multi-manager ’40 Act funds are being launched than single manager funds, and that trend is led by the large funds, according to a special report research by Infovest21, an information services company for the hedge fund industry based in New York.

Data from Infovest21 shows that large fund managers, including Blackstone, Pine Grove, Arden, Aurora, Permal, Russell, Neuberger Berman and Lazard have already launched products. Others that have filings pending include Entrust, Grosvenor and a KKR product with Prisma. The multi-manager products are varied and continue to evolve with the quality of managers improving, the release says.

Infovest notes, "When some of the large traditional asset management firms bought funds of funds in 2012, it was just a matter of time before they launched alt mutual funds. The acquisition of large funds of funds by mutual fund companies is a harbinger of those large firms launching liquid alt mutual funds. For example, Franklin Templeton acquired K2 in October 2012. Legg Mason's Permal Funds acquired Fauchier Partners in December 2012. Wells Fargo purchased a 35% stake in RockCreek in December 2012. KKR acquired a majority stake in Prisma Capital Partners in June 2012."

According to In......................

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. Commodities - Druckenmiller alums at PointState make $1 billion on oil, Andurand Capital sees oil sliding to $40[more]

    Druckenmiller alums at PointState make $1 billion on oil From Bloomberg.com: Hedge fund manager Zach Schreiber stood on stage at Avery Fisher Hall in New York eight months ago and made a bold prediction. “We believe crude oil is going lower -- much lower,” Schreiber, 42, told the audienc

  2. Investing - David Einhorn discloses a new position in Time Warner, Canyon trimming bets on mortgage bonds after making $7bn[more]

    David Einhorn discloses a new position in Time Warner From FTLeavenworthlamp.com: …Einhorn also disclosed a new position in Time Warner. "Since 2009, TWX has refocused its business into a collection of high quality assets including basic cable networks (Turner and CNN), a movie studio (

  3. Top performing private equity firms you should invest in[more]

    Komfie Manalo, Opalesque Asia: Professor Oliver Gottschalg of Paris-based HEC Business School, also known as Ecole des Hautes Etudes Commerciales de Paris has released his annual ranking of the top performing private equity firms. The 2014 HEC-DowJones Private Equity Performance Ranking

  4. Comment - Why invest in hedge funds if they don't outperform the market?[more]

    From Forbes.com: Hedge funds have always been a bit exotic and an enigma to some, but bottom line they are supposed to produce good returns using a range of strategies including global macro, event driven and relative value (arbitrage). And, sophisticated or high-net-worth individuals (HNWIs) could

  5. Owen Li 'truly sorry' for blowing up $100m of hedge fund’s assets[more]

    From CNBC.com: A hedge fund manager told clients he is "truly sorry" for losing virtually all their money. Owen Li, the founder of Canarsie Capital in New York, said Tuesday he had lost all but $200,000 of the firm's capital—down from the roughly $100 million it ran as of late March. "I take r