Thu, Sep 29, 2016
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. 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