Tue, Oct 25, 2016
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
New Managers March 2013

Seeders' Corner - PineBridge is harvesting existing relationships but also moving forward

Matthew Denning Bob Discolo

Matthew Denning,Senior Research Analyst at PineBridge Investments, a $69bn asset manager, said during the latest Opalesque New York Roundtable that PineBridge's first seeding vehicle had $400m from which the firm seeded five managers, and that ticket sizes were up to $125m.

"We feel we invested with some good managers, but true, negative selection can occur," he continued. "We also realized that we passed up on some good opportunities that would have been around the $40-$50 million seed size."

Seeders aim for around 10 times asset growth potential, he explained, and in quite a number of strategies, managers stop at the $400-$500m AuM range to stay small enough to generate the best returns for an investor.

"Our next seeding venture will now include these smaller ticket seed deals."

Denning, as well as Bob Discolo, a hedge fund industry veteran who currently oversees roughly $3.7 billion as Head of Hedge Fund Solutions Group at PineBridge, spoke to Opalesque New Managers about their seeding venture.

Amid its troubled period, American International Group, Inc. (AIG) rebranded its asset management and investment advisory business PineBridge Investments in November'09,......................

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 Thisismoney.co.uk: 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 CNBC.com: 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 Marketwatch.com: 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. David Einhorn speaks on passive investing, Mylan, his cheapest stock, the Fed[more]

    From Forbes.com: Greenlight Capital hedge fund manager David Einhorn (Trades, Portfolio) joined nine other famed investors on Tuesday to talk about stocks at the annual Great Investors’ Best Ideas Investment Symposium in Dallas. Presenters at the annual conference typically pitch one or severa