Tue, Sep 27, 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. Star names struggle as smaller hedge funds make hay[more]

    From eFinancialnews.com: Many big-name funds have been hit by sharp reversals in markets, including US government bonds and UK stocks, and have struggled to extricate themselves from positions that have gone bad. According to data group eVestment, hedge funds below $250 million in size are up 4.1% t

  2. North America - Acela fight splits hedge fund Connecticut and old money enclaves[more]

    From Bloomberg.com: Connecticut’s residential coastline is two worlds, the one of newcomer millionaires and one whose wealth and New England roots span generations. Now, their differences over a rail route threaten to gum up plans for the U.S. Northeast’s fastest-ever trains. About 30 miles from Man

  3. Activist News - Caesars offers creditors another $1.6bn, would spell end of hedge fund ownership, Activist investors double chance of CEO exits[more]

    Caesars offers creditors another $1.6bn, would spell end of hedge fund ownership From Calvinayre.com: Casino operator Caesars Entertainment has improved its offer to junior creditors to over $5b, but the offer is only good until Friday. On Wednesday, Caesars added an extra $1.6b to the $

  4. Nobel Sustainability Trust, Prince Albert II of Monaco help launch major new initiative to drive sustainable technologies[more]

    Matthias Knab, Opalesque: The Nobel Sustainability® Trust ("NST") is leading a major new initiative to finance, incubate and accelerate the development of clean technologies. The initiative will start with the formation of the Nobel Sustainability Fund® ("NSF"). NSF will drive faster access t

  5. Comment - ‘Gut feeling’ measurable in hedge fund traders, How hedge fund managers can use blockchain to maximize benefits[more]

    ‘Gut feeling’ measurable in hedge fund traders From Laboratoryequipment.com: “Gut feeling” is an intangible – an automatic hunch – based on prior experience for some people. But the “gut feeling” is actually a measurable response developed in professionals doing some high-risk work, acco