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Alternative Market Briefing

Gerber Taylor Management raises $19m for its latest fund of funds

Wednesday, August 06, 2014

Bailey McCann, Opalesque New York:

Memphis-based Gerber Taylor Management, a fund of hedge funds investment manager has raised approximately $19 million for its latest fund of funds Palladian Partners VIII, according to SEC filings. The fund has a $250 million target.

Gerber Taylor Management has approximately $4.9 billion in assets under management in addition to this fund.

The firm invests across all alternative asset classes through its fund of fund vehicles. The fund of hedge fund vehicle will look at strategies such as convertible bond arbitrage, merger arbitrage, distressed securities, global long/short, and private equity/real estate.

Previous Palladian Partners funds were slightly smaller in size, hovering around $200 million.

The fundraise is notable as fund of funds reemerge after a longstanding narrative that the vehicles were too expensive. The data bears this out, HFR data for the month of July shows that fund of funds saw their first inflows in three years, with total invested capital exceeding $670 billion.

LP's are also continuing a steady march to fund of funds offerings, Colorado Springs, Colorado's county pension plan is considering fund of funds investments after liquidating its holdings in GAM U.S. Institutional Trading II, due to performance concerns. The Employees Retirement System of Texas is also said to be looking at emerging managers fund of funds for its pension portfolio.

Sources familiar with recent fund of fu......................

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