Mon, Aug 29, 2016
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. Strategies - The 'Holy Grail' hedge fund strategy to handle a black swan the size of World War I, Hedge funds get more pushback on terms as enthusiasm for strategy wanes[more]

    The 'Holy Grail' hedge fund strategy to handle a black swan the size of World War I From IBTImes.co.uk: To illustrate a strategic gap common to today's portfolio managers, George Sokoloff, PhD, founder and CIO at Carmot Capital, proposes an interesting thought experiment – a breakdown of

  2. Institutional investors - Investors set to increase allocation to private debt, With investment income key, Richmond retirement system faces funding challenges[more]

    Investors set to increase allocation to private debt Investors are set to increase their allocation to private debt, with 60% revealing they believe the private debt market will grow over the next 12 months, according to a new study by Elian, a leading funds services provider. 41%

  3. Investing - Hedge funds snap up banks, unload Apple, Some of hedge funds' favorite stocks are finally starting to beat the market, Einhorn's Greenlight shifts positions, Treasury yield climbs to two-month high as Fischer joins hawks, 9 stocks smart investors put their money in last quarter[more]

    Hedge funds snap up banks, unload Apple From Barrons.com: Prominent hedge funds have a newfound love of big banks, and some have a distaste for shares of Apple, regulatory filings released last week show. The filings suggest that the funds have been pivoting their portfolios in recent mon

  4. Chesapeake energy seeks $1 billion loan to refinance debt[more]

    From Bloomberg.com: Chesapeake Energy Corp. is seeking a $1 billion loan as the company battered by cratering fuel prices and credit downgrades takes a step to address its $9 billion debt load. The natural gas producer hired Goldman Sachs Group Inc., Citigroup Inc. and Mitsubishi UFJ Financial Group

  5. Institutions - Nordic pension funds magnify focus on unlisted and direct investing, building up teams[more]

    From IPE.com: As bond yields remain at low or negative levels, pension funds and other institutional investors in the Nordic region are stepping up efforts to find higher returns by adding more unlisted investments to portfolios and are expanding in-house teams in order to do this, according to new