Thu, Oct 2, 2014
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

Banner

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. Legal - Court throws out lawsuits related to Fannie Mae, Freddie Mac profits, Insider case by SEC is a step removed from Herbalife itself, SEC grants Citigroup waivers, easing hedge-fund curbs[more]

    Court throws out lawsuits related to Fannie Mae, Freddie Mac profits From WSJ.com: A group of Wall Street investors on Tuesday suffered a blow in their attempts to sue the federal government over their treatment of the shareholders of mortgage finance giants Fannie Mae and Freddie Mac af

  2. Launches - Goldman Sachs Asset Management launches GS Long Short Fund, Western & Southern launching international hedge fund, Lansdowne Partners plans energy hedge fund, RBC Global Asset Management launches new RBC Funds (Lux) - Asia Ex-Japan Fund, PVE Capital latest credit strategy to launch on the Sciens managed account platform[more]

    Goldman Sachs Asset Management launches GS Long Short Fund From Marketwatch.com: Goldman Sachs Asset Management has announced the launch of the Goldman Sachs Long Short Fund, which pursues high conviction investment ideas in global equity markets through a fundamental, bottom-up approach

  3. CalPERS’ move might alter hedge fund fees for good[more]

    Benedicte Gravrand, Opalesque Geneva: When CalPERS, the California Public Employees’ Retirement System, announced on September 15th that it was unwinding its hedge-fund portfolio, it was seen by many as is a significant blow to the sector’s appeal. The Fund is

  4. Opalesque Exclusive: Institutions eye private credit over traditional fixed income[more]

    Bailey McCann, Opalesque New York: Investing in private insurance, realty tax receivables, or investment-grade short-term accounts receivable may not spring to mind as a means of mitigating risk in a portfolio, but one firm, New York-based BroadRiver Asset Management is out to change all that. Th

  5. Short-term trading quant fund beats S&P since '09[more]

    Benedicte Gravrand, Opalesque Geneva for New Managers: A relatively new multi-strategy, market-neutral quantitative hedge fund has managed to outperform the S&P500 and the HFRX Global since 2009. New Jersey-ba