Fri, Jan 30, 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. Opalesque Exclusive: Ex-Citi trader launches 'sleep-at-night’ long/short equity fund[more]

    Benedicte Gravrand, Opalesque Geneva for New Managers: After working at Citi's proprietary trading desk, managing a large portfolio between 2008 and 2011, Joel S. Salomon founded SalauMor Management in New York

  2. Investing - U.S. investors favor currency hedged Europe ETFs as euro tumbles, Quants win back investors as Swiss franc fuels volatility gains, David Einhorn's $7bn hedge fund is loading up on this stock, Hedge fund BlueMountain Capital unveils Ocwen Financial short, claims default on notes[more]

    U.S. investors favor currency hedged Europe ETFs as euro tumbles From Reuters.com: U.S. investors stung by the falling euro who want to stay invested in Europe are turning to exchange-traded funds designed to strip out the impact of the region's currency. The biggest among so-called "cur

  3. News Briefs - Millennials use tech tools to jump into investing, Winklevoss twins to launch bitcoin exchange with FDIC insured deposits, Robertson’s legacy from hedge funds to New Zealand, Real estate managers exploring smaller open-end funds[more]

    Millennials use tech tools to jump into investing It is the Facebookification of monetary investing. From social networking platforms that enable young investors to stick to every other's stock-picking mojo, to internet sites for initially-timers hungry for a piece of the Silicon Valley

  4. Update: Prosecutors seek 12 years for hedge fund manager Francisco Illarramendi[more]

    Komfie Manalo, Opalesque Asia: Federal prosecutors have asked the court to sentence convicted hedge fund manager Francisco Illarramendi to 12 years imprisonment for running an elaborate Ponzi scheme that bilked investors hundreds of millions in dollars, including a Venezuelan pension fund, report

  5. Institutions - Ontario pension fund leader calls all asset classes ‘expensive’, Taiwan's BLF plans $2bn in alternative mandates[more]

    Ontario pension fund leader calls all asset classes ‘expensive’ From WSJ.com: The head of one of the world’s largest pension funds said that across asset classes, “everything is expensive.” Ron Mock, who leads Canada’s $141 billion Ontario Teachers’ Pension Plan, said that the plan would