Sun, Feb 14, 2016
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. Asia - Hedge fund manager Kyle Bass estimates China's foreign reserves below critical level[more]

    From Nasdaq.com: Investor Kyle Bass stepped up his attack on China's currency, arguing in an investor letter distributed Wednesday that the second-largest economy's foreign reserves are "already below a critical level." The comments mark the latest effort by hedge funds and other investors to raise

  2. Investing - Some hedge funds want to make subprime auto loans next big short, 11 hedge funds that are “all in” on the FANG stocks, Hedge funds short London luxury homes, Cynet raises $7 million from U.S. hedge fund[more]

    Some hedge funds want to make subprime auto loans next big short From Bloomberg.com: A group of hedge funds, convinced they have found the next Big Short, are looking to bet against bonds backed by subprime auto loans. Good luck finding a bank willing to do the trade. Money manage

  3. Investing - Hedge funds see selloff in European bank stocks as buying opportunity[more]

    From WSJ.com: The massive selloff in European bank stocks and bonds is overdone and presents a “phenomenal” buying opportunity, according to some of Europe’s top hedge-fund managers. Despite a 28% slump in European bank stocks this year, including a 38% fall in Deutsche Bank AG and a 34% drop in Soc

  4. Legal - Carlyle accused of fraud by ex-employee, Hedge funds win CDS breach of contract suit against Deutsche Bank, Hedge fund asks for OK on $27.5m Goldman CDO deal, SFO examines Barclays hedge fund profits[more]

    Carlyle accused of fraud by ex-employee From AI-CIO.com: A former portfolio manager claims he was fired for blowing the whistle on “crazy” and “irresponsible” investments. Carlyle Group has been sued by a former portfolio manager for one of its hedge funds, who accused the firm of “knowi

  5. Illiquid assets are all the rage for hedge funds[more]

    From Valuewalk.com: …Institutional investors are increasingly turning to illiquid assets and active management strategies to combat macroeconomic trends, anticipated market volatility and diverging monetary policy, according to a new survey by Blackrock. And this week, Bloomberg has reported that at