Sat, Dec 16, 2017
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Alternative Market Briefing

2014 seen as "great year" for hedge fund startups

Monday, January 20, 2014

Komfie Manalo, Opalesque Asia:

The year 2014 could be a great year for hedge fund startups as more experienced hedge fund managers have indicated their intention to start their own firms and larger alternative investment managers have made seed money available.

A report Pensions & Investments said that hedge funds were launched in the recent weeks at a pace not seen since before the 2008 global financial crisis. It added that banks are spinning out their hedge fund and proprietary units to comply with the implementation of the Volcker Rule in the U.S. while institutional investors are more willing to invest with managers with shorter-than-normal track records of managing funds.

Jon Hansen, managing director and hedge fund specialist at Boston-based investment consultant Cambridge Associates noted that towards the end of last year and at the start of 2014, several senior hedge fund executives have left their firm to start their own.

Cliffwater CEO Stephen L. Nesbitt added that another factor that is pushing hedge fund launches is because many large hedge funds have closed their funds to new investors, and many are not currently hiring.

Nesbitt described institutional investors as having reached "phase two" level which now means most of them are in the lookout for new hedge funds to invest, as most big funds are closed to new inve......................

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. Mediobanca acquires majority stakes in Swiss hedge fund[more]

    Komfie Manalo, Opalesque Asia: Listed diversified banking group Mediobanca SpA said it has acquired a majority stake in Geneva-based hedge fund firm RAM Active Investments SA (RAM AI), an active and alternative asset manager offering a range of act

  2. Northleaf Capital Partners closes debut private credit fund on $670M[more]

    Bailey McCann, Opalesque New York: Northleaf Capital Partners has closed its debut private credit fund - Northleaf Private Credit I - on $670 million. The vehicle will invest in private credit transactions in Europe and North America, with a primary focus on lending to private equity-backed compa

  3. ...And Finally - The ongoing gun saga in the U.S.[more]

    From Newsoftheweird.com: As elder members of the First United Methodist Church in Tellico Plains, Tennessee, gathered on Nov. 16 to discuss the recent church shooting in Sutherland Springs, Texas, one of those present asked if anyone had brought a gun to church. One man spoke up and said he c

  4. Opalesque Exclusive: Credit Suisse Asset Management's NEXT Investors leads $6M Series A round for LUX Technology and Services[more]

    Bailey McCann, Opalesque New York: Credit Suisse Asset Management's NEXT Investors has led a $6 million Series A funding round for LUX Technology and Services, a business and technology solutions provider for the alternative assets industry. The investment will be used to fuel growth of Trans

  5. eVestment: hedge funds extend winning streak[more]

    Bailey McCann, Opalesque New York: Hedge funds marked their 13th consecutive month of positive returns in November with +0.47% average returns for the month, according to the latest Hedge Fund Performance Report from eVestment. Activists, long/short and quant equity strategies are producing