Sun, Mar 18, 2018
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
New Managers October 2012

Launches - A recapitulation of maiden launches and related developments from late September to late October 2012


Relative value funds see an uptick in launches this year

61% of all single manager hedge funds are located in the US according to a new report from US-based hedge fund research provider Preqin. The research house also said 2012 had been a solid year for fund launches across all strategies. 387 funds have launched year-to-date (to early Oct.), despite volatile market conditions and significant macroeconomic headwinds (see full Opalesque article here).

Market conditions are proving to be volatile and the European sovereign debt crisis is far from resolved, and as a result the landscape of fund launches over the past few years has shifted towards strategies which can take advantage of these uncertain times, says the Preqin report. Long/short strategies are usually the most popular and account for half of all launches. But since 2007 long/short funds fell to about 45% in 2012. As for global macro, this strategy was at its most trendy in 2009, accounting for 28% of all launches. However, it accounts for around 22% so far this year.

One strategy got a bigger slice of the cake over the past 12 months: relative value. It now represents 17% of all funds launched so far this year. The strategy has performed well over the past few years, Preqin says, and increasing demand from investors is leading to growth in this sector.

We recently heard of this ex-hedge funder striking out on his own:

  • Warren Ashenmil, who managed the commercial-mortgage backed securities and commercial real estate portfolio fo......................

    To view our full article please login

    This article was published in Opalesque's New Managers a top-down monthly analysis, news and research publication on the global emerging manager space.
    New Managers
    New Managers
    New Managers

  • 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. Performance - Hedge fund mojo is back with investor hopes at six-year high, These hedge funds produce the most consistently great results[more]

      Hedge fund mojo is back with investor hopes at six-year high From Hedge funds on the heels of a surprisingly strong performance in 2017 are raising hopes for an encore. Investors expect their managers to return 8.5 percent in 2018, according to a Credit Suisse Group AG sur

    2. Investing - Hedge funds amass big bets against world's leading advertisers, Investor Elliott Management buys tiny stake in Wipro[more]

      Hedge funds amass big bets against world's leading advertisers From Hedge funds have amassed bearish bets of more than $3bn against the world's largest advertising companies in an attempt to profit as the industry undergoes ongoing wrenching disruption and slowing growth. Funds i

    3. News Briefs - Investcorp to launch a $100 million PE fund for Omani pension funds[more]

      Bahrain-based investment firm Investcorp will soon launch a $100 million fund dedicated to Oman's Pension Funds as part of its investment plan. 'The Opportunities Fund' will be focused on private equity investments in the U.S. and Europe and will target mid-sized companies across a broad range of se

    4. DoubleLine's Gundlach sees U.S. 10-year Treasury yield rising, weighing on stocks[more]

      From Reuters/ Jeffrey Gundlach, the chief executive of DoubleLine Capital and known on Wall Street as the "Bond King," said on Tuesday the yield on the U.S. 10-year Treasury note will likely move higher and pressure riskier assets including equities and junk bonds. Gundlach, on an

    5. SEC charges Theranos CEO Holmes with fraud[more]

      Bailey McCann, Opalesque New York: The SEC has charged Elizabeth Holmes, founder and CEO of Theranos and its former President Ramesh "Sunny" Balwani with raising more than $700 million from investors through an elaborate, years-long fraud in which they exaggerated or made false statements about t