Mon, Oct 5, 2015
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 moguls Einhorn, Loeb, Rosenstein lose money in September, Risky strategy sinks small hedge fund[more]

      Hedge fund moguls Einhorn, Loeb, Rosenstein lose money in September From Billionaire stock pickers David Einhorn, Daniel Loeb and Barry Rosenstein on Wednesday told their wealthy investors they lost money in September as market turmoil inflicted more pain on some of America'

    2. Opalesque Exclusive: IRAs represent billions of untapped capital for hedge funds[more]

      Benedicte Gravrand, Opalesque Geneva: Retirement accounts might not be the first source that comes to mind for those looking to raise funds, but they may represent billions of untapped capital. Unlike traditional retirement accounts,

    3. Opalesque TV: One way to access market hedge funds in the EU under the AIFMD radar[more]

      Benedicte Gravrand, Opalesque Geneva: While the Cayman Islands, the US and Hong Kong await the pan-European marketing passport to be extended to alternative investment fund

    4. Investing - U.S. biotech bloodbath hits hedge funds but some bargains emerge, Computer-driven hedge funds betting on further stock selloff[more]

      U.S. biotech bloodbath hits hedge funds but some bargains emerge From A seven-day selloff of U.S. biotechnology stocks has hit sector investors - especially hedge funds - hard. But some managers say it was overdone and are already eyeing bargains such as Gilead Sciences Inc

    5. Vilas’ equity long bias hedge fund generates market-beating results[more]

      Komfie Manalo, Opalesque Asia: The Vilas Fund, an equity long bias fund managed by Chicago, Illinois-based Vilas Capital Management, posted five-year annualized returns, net of fees, of 23.47% vs. 15.87% for the S&P 500 Index, including divid