Tue, May 3, 2016
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Alternative Market Briefing

Alternative mutual funds are here to stay

Wednesday, September 18, 2013

Bailey McCann, Opalesque New York:

Much has been written about hedged mutual funds, leading some to call them a new fad for retail investors. However, more and more managers are looking at mutual fund structures, and Tom Florence, CEO of Denver-based 361 Capital, says they are here to stay. 361 was founded in 2001, and was one of the early entrants to the liquid alternatives space, the firm manages three alternative mutual funds including a managed futures product. That fund - the flagship - currently has $415m in assets, and firm assets are at $460m.

"Mutual funds are a hard business, and they are a really different business, so hedge fund managers have to decide if they are going to go it alone or if they are going to do it with a partner who understands," he says in an interview with Opalesque, noting that there is an underserved investor marketplace for these products.

"The challenge is there are only so many alternative assets - is there enough room for all of these funds? No. So you're going to see focus on quality and performance."

Some early entrants into the space that lack quality may have a hard time competing against newer, higher quality products entering the market, he says. This also holds true for other retail avenues into the alternatives industry like business development companies (BDCs), or closed-end funds.

"The other interesting thing that I think you'll start to see happen is, a lot of hedge fun......................

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. Hedge funds see $14.3bn outflows in Q1, CTAs and multi-strategy lead net inflows[more]

    Komfie Manalo, Opalesque Asia: The hedge fund industry saw net outflows of investor capital in the first quarter of the year, totaling $14.3bn, data from Preqin showed. This continues from the $8.9bn overall net outflows that funds recorded in Q4

  2. Third Point calls Q1 "catastrophic" for hedge funds[more]

    Bailey McCann, Opalesque New York: The first quarter of this year was rocky for hedge funds based on aggregate performance from the industry, but now we are beginning to hear what the managers thought of it as quarterly letters make their way to investors. Dan Loeb, CEO of New York-based $17 bill

  3. Asia - Stabilization of China's capital outflows may hinge on Janet Yellen, Fink says China to do well this year as bubble threat postponed, Chinese hedge fund to invest in India’s infrastructure[more]

    Stabilization of China's capital outflows may hinge on Janet Yellen From Bloomberg.com: Whether China’s recent stabilization of its currency and capital outflows continues -- or downside pressure reignites -- may hinge in large part on Janet Yellen. If the Federal Reserve chair sticks to

  4. …And Finally - After all, judges are human too[more]

    From Newsoftheweird.com: In March, one District of Columbia government administrative law judge was charged with misdemeanor assault on another. Judge Sharon Goodie said she wanted to give Judge Joan Davenport some files, but Davenport, in her office, would not answer the door. Goodie said once the

  5. Comment - Unmasking the men behind Zero Hedge, Wall Street's renegade blog[more]

    From Bloomberg.com: Colin Lokey, also known as "Tyler Durden," is breaking the first rule of Fight Club: You do not talk about Fight Club. He’s also breaking the second rule of Fight Club. (See the first rule.) After more than a year writing for the financial website Zero Hedge under the n