Sat, May 27, 2017
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Industry Updates

Busara Advisors gets $150m from a Fortune 100 Silicon Valley-based to create a customized portfolio

Friday, April 15, 2011

Joseph Schlater
Opalesque Industry Update - New York based asset manager Busara Advisors was awarded $150m by a Fortune 100 Silicon Valley-based corporation to create a customized emerging manager hedge fund-of-funds portfolio, it was announced on Thursday.

Busara CEO Joseph Schlater said the allocation is the first for the firm. Hehe declined to divulge the identity of the client, but added the investor requested a portfolio of long/short equity and short-term fixed income strategies for the company.”

“We are open for business,” Schlater, who founded company in 2010, declared,

Andrew Timpson, Busara CIO added, “For this particular client, full transparency at the underlying position level was a must.” Timpson explained that a full transparency requirement was requested by the unidentified client for its tailor-made portfolio. Aside from that, liquidity was a major concern of the client before a final decision was made.

“Our model is built on customization, on going out and doing the research and finding good, quality emerging managers, and on obtaining full transparency for both risk management and portfolio management purposes,” Timpson said.

He added that Busara has already spent sufficient amount of capital since its inception which resulted to identifying prospective candidate funds for investment. At the same time, Busara is always on the look out for qualified and talented emerging managers.

Timpson is calling on firms which have not yet touched based with Busara to connect with them and explore investment opportunities.

“We want to have the most robust list of candidate funds,” he said. For his part, Schlater added that since the firm’s inception, he has learned that the operational aspect of the business is “extremely important.” “Our customized model had the flexibility to plug directly into the financial controls of the company. Without this level of security, we were unlikely to win the mandate - for this client, the operational aspect was equally important to the potential financial performance of the portfolio. The firm now believes that having a Fortune 100 corporation as a client will open additional doors to new potential investors. Since we have closed this mandate on March 1, the level of interest and the engagement in the conversations are a lot deeper. We are confident that with this first [investment], institutions will see the value in investing in emerging hedge fund managers,” Schlater pointed out.
- Precy Dumlao
PD

What do you think?

   Use "anonymous" as my name    |   Alert me via email on new comments   |   
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. Soon hedge fund investors won't bet on a man, they will bet on a machine[more]

    From Forexlive.com: The Wall Street Journal is in the midst of a 17-part series that looks at the rise of quant funds. The AUM and money invested in quant funds still trails traditional asset managers but the gap is closing. What's truly amazing is volume. Quant funds make up 27% of trading vo

  2. Investing - China's HNA wants to invest in Value Partners, Risk parity investors reap rewards from rebalancing act, SoftBank's $100 billion tech fund rankles VCs as valuations soar[more]

    China's HNA wants to invest in Value Partners From Reuters.com: HNA Group has alighted on a logical, if pricey, target in Hong Kong. The deal-hungry Chinese travel conglomerate known for overpaying wants to invest in Value Partners, one of Asia's few sizeable independent asset managers,

  3. Opalesque Exclusive: Investors warm to ESG, but seek standardization[more]

    Bailey McCann, Opalesque New York: Asset managers and asset owners plan to double their investment in Environmental, Social and Governance (ESG) driven strategies over the next two years, according to a survey from BNP Paribas Securities Services. The report, "Great Expectations: ESG - what's nex

  4. Opalesque Roundtable: France's hidden strengths in AI and machine learning[more]

    Komfie Manalo, Opalesque Asia: All nations offer their strengths and weaknesses, but one that is undisputed is the quality of the French scientists, claimed Guillaume Vidal, co-founder of French technology startup Walnut Algorithms at the

  5. AI-based hedge fund brings machine learning investing to masses[more]

    Komfie Manalo, Opalesque Asia: Machine learning-based hedge fund firm Greyfeather Capital is trying to bring artificial intelligence investing to the masses with its plan to expand beyond the limited reach of the alternative investments space. "We're excited to bring AI technology to traditio