Mon, Jan 26, 2015
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Industry Updates

Infovest21 Survey: 56% of hedge fund managers expect other managers to follow Soros approach

Thursday, July 28, 2011
Opalesque Industry Update - In its just-released manager sentiment indicator, Infovest21 found that 56% of managers surveyed expect more hedge fund managers will return client assets and run a family office, following George Soros' lead.

A number of managers said it made sense with manager registration being required in March 2012. They cited increased risk of liability due to growing oversight by SEC, FINRA, CFTC, individual states, labor laws, department of revenue as well as complicated tax issues and the waiver of carried interest.

Managers said those likely to follow suit are those that do foreign exchange trading as well as those who have been very successful. "Once you've achieve that much success clients become more of a headache than a benefit," said one manager.

Lois Peltz, president of Infovest21, said: "Of those 44% who do not expect more hedge fund managers to follow, a number highlighted that Soros was 80 years old and may have wanted to leave the business. Others said that only 4% of Soros' funds were non-family assets and so it made sense economically and it was a special case. Another manager pointed out that few hedge fund managers have billions of dollars of their own to run as a family office."

Of the 40 managers responding to the survey as of press time, 59% had assets below $100 million while 30% had assets between $100 million and $999 million. Another d assets over $1 billion. Corporate website: Source
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. Commodities - Druckenmiller alums at PointState make $1 billion on oil, Andurand Capital sees oil sliding to $40[more]

    Druckenmiller alums at PointState make $1 billion on oil From Bloomberg.com: Hedge fund manager Zach Schreiber stood on stage at Avery Fisher Hall in New York eight months ago and made a bold prediction. “We believe crude oil is going lower -- much lower,” Schreiber, 42, told the audienc

  2. Investing - David Einhorn discloses a new position in Time Warner, Canyon trimming bets on mortgage bonds after making $7bn[more]

    David Einhorn discloses a new position in Time Warner From FTLeavenworthlamp.com: …Einhorn also disclosed a new position in Time Warner. "Since 2009, TWX has refocused its business into a collection of high quality assets including basic cable networks (Turner and CNN), a movie studio (

  3. Top performing private equity firms you should invest in[more]

    Komfie Manalo, Opalesque Asia: Professor Oliver Gottschalg of Paris-based HEC Business School, also known as Ecole des Hautes Etudes Commerciales de Paris has released his annual ranking of the top performing private equity firms. The 2014 HEC-DowJones Private Equity Performance Ranking

  4. Comment - Why invest in hedge funds if they don't outperform the market?[more]

    From Forbes.com: Hedge funds have always been a bit exotic and an enigma to some, but bottom line they are supposed to produce good returns using a range of strategies including global macro, event driven and relative value (arbitrage). And, sophisticated or high-net-worth individuals (HNWIs) could

  5. Owen Li 'truly sorry' for blowing up $100m of hedge fund’s assets[more]

    From CNBC.com: A hedge fund manager told clients he is "truly sorry" for losing virtually all their money. Owen Li, the founder of Canarsie Capital in New York, said Tuesday he had lost all but $200,000 of the firm's capital—down from the roughly $100 million it ran as of late March. "I take r