Tue, Sep 1, 2015
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Alternative Market Briefing

Hedge fund managers see increase in special situations funds, real estate-based private equity funds

Monday, March 10, 2014

Komfie Manalo, Opalesque Asia:

Ashley Gunning, a partner at investment funds group Walkers Global said that one of the trends he expects to continue this year is the increase in special situations funds where specialist managers are buying shares from existing shareholders in funds that hold illiquid assets.

"What we have seen is some special situations funds and activist investors buying those assets from the current holder at a discount, and then actively pressuring the manager to sell the underlying assets so that even at a forced sale price the new owner will profit," he told other hedge fund managers who attended the latest Opalesque 2014 Cayman Roundtable.

He also pointed out that the market is dominated by institutional groups who go from strength to strength. They raise capital quite easily, are able to manage the regulatory hurdles well and continue to launch new funds, he said.

Gunning continued, "Conversely, new start-ups – although, we have seen a slight uptick in the last six or eight months – still find it difficult to raise sufficient cash and are very much bogged down by regulatory issues and the costs associated with them."

For Kobi Dorenbush, CEO of financial services provider Caledonian Global Financial Services which is based in the Cayman Islands, one of the things he is seeing is the increase in activit......................

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. Activist News - Carl Icahn has snapped up a huge stake in Freeport-McMoRan, and the stock is ripping, Meet Europe's best activist investor[more]

    Carl Icahn has snapped up a huge stake in Freeport-McMoRan, and the stock is ripping From Businessinsider.com: Carl Icahn has picked his next target: Freeport-McMoRan. Icahn and a group of other investors have snapped up an 8.46% stake in mining company Freeport-McMoRan, according to a j

  2. North America - Hedge fund manager Ray Dalio’s challenge to the Fed[more]

    From Newyorker.com: For some reason, Janet Yellen, the chair of the Federal Reserve, decided to skip this year’s annual Fed conference in Jackson Hole, where monetary policymakers from the United States and abroad get together with some prominent academics to discuss the big issues of the moment. Th

  3. Opalesque Exclusive: Credit-focused hedge fund Numen Capital expects more volatility in Europe in coming months[more]

    Benedicte Gravrand, Opalesque Geneva: A London-based hedge fund, which has just hired two emerging managers, is cautious on Europe. Vassilis Paschopoulos and former Lehman’s colleague Nikos Kargadouris, launched a London-based credit-focused hedge fund called

  4. Performance - Hedge funds bruised by stocks’ meltdown, Capstone’s volatility hedge fund is having a monster month thanks to market mayhem[more]

    Hedge funds bruised by stocks’ meltdown From WSJ.com: Hedge-fund managers like to promise their investors protection from market swings. In the recent stock swoon, many were caught off guard. Billionaire managers such as Leon Cooperman, Raymond Dalio and Daniel Loeb are deeply in the red

  5. Opalesque Exclusive: Foundation returns slide, but commitment to alternatives remains[more]

    Bailey McCann, Opalesque New York: Private and community foundations posted returns of 6.1 percent for the 2014 fiscal year (January 1 – December 31, 2014), down from the 15.6 percent return reported for FY2013, according to the latest Council on Foundations–Commonfund Study of Investment of End

 

banner