Thu, Nov 23, 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. Tourbillon Capital, a $3.4bn hedge fund that's been sounding the alarm about 'frothy speculation,' is suffering big losses[more]

    From Businessinsider.com: Tourbillon Capital, a $3.4 billion hedge fund firm led by Jason Karp, is suffering. The firm's flagship Global Master fund is down 3.5% for the first 17 days of November, bringing performance for the year to November 17 to a loss of 10.6%, according to a note to investors s

  2. Fund Profile - The Tiger of Silicon Valley: Glen Kacher's sizzling hedge fund[more]

    From Forbes.com: When you live and work in a town where the median home costs $2.7 million and hobnob with the executives of billionaire factories like Facebook and Tesla, it's easy to see why you might think technology stocks are invincible. So far in 2017, the Nasdaq Composite index has gained 25%

  3. Launches - Asset manager launches Europe's first bitcoin mutual fund, Prime Capital Aviation Debt Fund enables aviation debt investments for institutional investors[more]

    Asset manager launches Europe's first bitcoin mutual fund From Coindesk.com: A French asset manager has announced the launch of Europe's first mutual fund centered around bitcoin. Announced today, Tobam's alternative investment fund perhaps represents the latest bid to attract institutio

  4. Legal - Consumers say hedge fund financed illegal tribal lending, New York's highest court permits shareholder of a Cayman-incorporated company to bypass Cayman law and bring derivative action in New York[more]

    Consumers say hedge fund financed illegal tribal lending From Law360.com: Vermont residents on Tuesday hit a hedge fund with a proposed class action in federal court alleging it helped concoct a sham tribal payday lending scheme meant to skirt laws preventing companies from charging cons

  5. Investing - Tech still hedge funds' sweetheart sector: Goldman Sachs, Hedge funds haven't been this leveraged to buy stocks since the bull market began, Top financials hedge fund details short bet against Morningstar, Fund CRC presents an offer for Carige's consumer credit unit, Hedge funds sell shares in Altice USA after difficult quarter[more]

    Tech still hedge funds' sweetheart sector: Goldman Sachs From Reuters.com: Tech stocks remain the largest net sector exposure for equity hedge funds, which are set to deliver their strongest returns since 2013, Goldman Sachs said on Wednesday in a note on the industry's most and l