Fri, Feb 27, 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. Opalesque Exclusive: Very small CTA averages 6.90% per month since April’14 inception[more]

    Benedicte Gravrand, Opalesque Geneva for New Managers: There aren’t many one-man shops around in the hedge fund world but we talked to one. Andrew S. Peskin, who is ba

  2. Investing - Top U.S. hedge funds cut Apple stakes ahead of all-time high, John Paulson holds gold ETF in Q4 but cuts back on some miners, Hedge funds exited tumbling oil company shares late last year, Some top investors exit Herbalife, Soros added shares in fourth quarter, Moore Capital boosts U.S. financial holdings, reduces China bets[more]

    Top U.S. hedge funds cut Apple stakes ahead of all-time high From Reuters.com: Top U.S. hedge fund management firms, including David Einhorn's Greenlight Capital and Philippe Laffont's Coatue Management, reduced their stakes in Apple Inc during the fourth quarter, ahead of the iPhone mak

  3. Opalesque Exclusive: Skënderbeg launches four single-manager funds with Your Wealth AG[more]

    Benedicte Gravrand, Opalesque Geneva for New Managers: Skënderbeg Funds AGmvK, an investment fund for qualified investors under Liechtenstein law (umbrella fund),

  4. Opalesque Roundtable: Many Swiss investors are questioning the value proposition of hedge funds[more]

    Benedicte Gravrand, Opalesque Geneva: There is a well-known transition among investors in hedge funds between high-net-worth individuals and institutional investors, Ian Hamilton, head of the IDS Group, said during the recent

  5. UCITS HFS Index starts year on positive note with 1.09% gains in January[more]

    Komfie Manalo, Opalesque Asia: The UCITS HFS Index started the year on a positive note gains of 1.09% in January after finishing 2014 with a modest performance of 1.62%. Index provider 2n20 said th