Tue, Sep 30, 2014
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. Socially responsible investments grow in demand, but performance questions persist[more]

    Komfie Manalo, Opalesque Asia: A study by financial services firm TIAA-CREF showed that interest in socially responsible investing (SRI) is increasing rapidly, but investors are still asking if investing in an SRI strategy

  2. Regulatory - Ireland launches structure for passporting loan origination funds within EU[more]

    From Asiaasset.com: The Irish Funds Industry Association (IFIA) has introduced new loan origination capabilities that will offer Asian managers and investors a new structure under the European Union’s (EU’s) Alternative Investment Fund Managers Directive (AIFMD). The new structure will allow the mar

  3. Europe - Ed Miliband's war on hedge funds could damage City of London[more]

    From Telegraph.co.uk: Ed Miliband’s plans to wage war on hedge funds could be potentially more damaging to the City of London than even the financial transaction tax (FTT), senior banking sources warned on Tuesday night. The Leader of the Opposition took aim at a number of industries as part of his

  4. News Briefs - SEC probes Pimco ETF over pricing irregularities, BEPs: Action plan released and UK first to adopt country-by-country reporting[more]

    SEC probes Pimco ETF over pricing irregularities The Securities and Exchange Commission is investigating Pimco’s pricing of exchange traded funds, the latest cloud to hang over the world’s largest bond manager, which has been dogged by poor performance and management infighting. Pimco on

  5. Outlook - Julian Robertson: There are two bubbles that can bite us[more]

    From Businessinsider.com: Legendary hedge fund manager Julian Robertson gave a warning about two bubbles that could "bite us" at Bloomberg Market's Most Influential Summit. "I agree with the fact that the economy is definitely getting better. I think the cause of that is two bubbles that will