Mon, Aug 29, 2016
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. Strategies - The 'Holy Grail' hedge fund strategy to handle a black swan the size of World War I, Hedge funds get more pushback on terms as enthusiasm for strategy wanes[more]

    The 'Holy Grail' hedge fund strategy to handle a black swan the size of World War I From IBTImes.co.uk: To illustrate a strategic gap common to today's portfolio managers, George Sokoloff, PhD, founder and CIO at Carmot Capital, proposes an interesting thought experiment – a breakdown of

  2. Institutional investors - Investors set to increase allocation to private debt, With investment income key, Richmond retirement system faces funding challenges[more]

    Investors set to increase allocation to private debt Investors are set to increase their allocation to private debt, with 60% revealing they believe the private debt market will grow over the next 12 months, according to a new study by Elian, a leading funds services provider. 41%

  3. Investing - Hedge funds snap up banks, unload Apple, Some of hedge funds' favorite stocks are finally starting to beat the market, Einhorn's Greenlight shifts positions, Treasury yield climbs to two-month high as Fischer joins hawks, 9 stocks smart investors put their money in last quarter[more]

    Hedge funds snap up banks, unload Apple From Barrons.com: Prominent hedge funds have a newfound love of big banks, and some have a distaste for shares of Apple, regulatory filings released last week show. The filings suggest that the funds have been pivoting their portfolios in recent mon

  4. Chesapeake energy seeks $1 billion loan to refinance debt[more]

    From Bloomberg.com: Chesapeake Energy Corp. is seeking a $1 billion loan as the company battered by cratering fuel prices and credit downgrades takes a step to address its $9 billion debt load. The natural gas producer hired Goldman Sachs Group Inc., Citigroup Inc. and Mitsubishi UFJ Financial Group

  5. Institutions - Nordic pension funds magnify focus on unlisted and direct investing, building up teams[more]

    From IPE.com: As bond yields remain at low or negative levels, pension funds and other institutional investors in the Nordic region are stepping up efforts to find higher returns by adding more unlisted investments to portfolios and are expanding in-house teams in order to do this, according to new