Fri, Oct 21, 2016
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. M&A - U.S. hedge fund HarbourVest is shock winner in the £1.1bn SVG Capital takeover saga, Hedge fund Parvus shows hand, toppling William Hill merger deal[more]

      U.S. hedge fund HarbourVest is shock winner in the £1.1bn SVG Capital takeover saga From The fierce battle to buy Britain's biggest private equity group has come to an unexpected conclusion, with the original bidder walking away with the prize. SVG Capital has agreed

    2. Marc Lasry: Energy is still a phenomenal opportunity[more]

      From Distressed debt specialist Marc Lasry said energy debt is still a "phenomenal opportunity" because investors can get "massively overpaid" for the risk they take on. There are "huge opportunities" in the energy sector especially in restructurings, the Avenue Capital Group CEO said Tues

    3. Opalesque Exclusive: Ex-SAC manager re-emerges with market neutral hedge fund[more]

      Benedicte Gravrand, Opalesque Geneva for New Managers: A manager re-emerged from the SAC battleground last year to launch his own hedge fund under the umbrella of New York-based investment firm Endicott Group.

    4. North America - Hedge-fund manager Kyle Bass says the U.S. is on track for stagflation, Billionaire hedge fund titans Dinan, Lasry on election, markets and best investment ideas[more]

      Hedge-fund manager Kyle Bass says the U.S. is on track for stagflation From Kyle Bass, founder of Hayman Capital Management, on Wednesday warned that the U.S. is headed toward so-called stagflation. Stagflation is typically described as persistently high inflation and hi

    5. Macro hedge funds up 3.3% in one week on Fed and Brexit pays off[more]

      Komfie Manalo, Opalesque Asia: Hedge funds were boosted by the strong performance of global macro funds, with the Lyxor Global Macro Index gaining 3.3% as of the week ending Oct. 11 (-1.7% YTD), Lyxor Asset Management reported. Their short on the p