Mon, Feb 8, 2016
A A A
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. How Einhorn survived a nightmare year[more]

    From Bloomberg.com: Even when a hedge fund has an awful year, which was the case for David Einhorn's Greenlight Capital, there are lessons to be learned. Many funds would have had a tough time surviving a year like Einhorn experienced in 2015, when all the stars seemed to align against him and Green

  2. Legal - Hedge fund founder wins early release in U.S. insider trading case, Gramercy seeking $1.3 billion from Peru over land-bond dispute[more]

    Hedge fund founder wins early release in U.S. insider trading case From Reuters/Streetinsider.com: Former hedge fund manager Doug Whitman on Tuesday won a reprieve from serving the remainder of his two-year sentence for insider trading after several judges expressed skepticism that his 2

  3. Investing - David Einhorn finds a winner in Michael Kors[more]

    From Thestreetinsider.com: Greenlight Capital hedge fund manger David Einhorn took his lumps in 2015. The fund lost over 20 percent on the year amid bets gone bad being long a plunging SunEdison and short a couple high-flying FANG stocks. However, today Einhorn is again showing his stock picking pro

  4. Investing - Avenue Capital's Marc Lasry: We like European bank loans, Comment: A bunch of hedge fund managers are chasing the 'dream of crushing a major structural problem'[more]

    Avenue Capital's Marc Lasry: We like European bank loans From CNBC.com: European banks are under immense pressure, but at least one prominent hedge fund has found what it thinks is a good opportunity in the wreckage. Marc Lasry, co-founder and chief executive of hedge fund Avenue Capital

  5. Computer-driven hedge funds make money during January’s selloff[more]

    Komfie Manalo, Opalesque Asia: Commodity trading advisers (CTAs) that use computer programs to guide how they trade, made millions of dollars during last month’s market selloff on the back of declining oil prices and global equities and big moves in currencies. Data provider