Wed, Apr 16, 2014
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

Banner
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. CTAs could face new challenges in a rising rates environment[more]

    Bailey McCann, Opalesque New York: CTAs have taken a beating performance wise lately, and asset flows reports show that investors aren't sticking around to see how the movie ends. Now, a new white paper from Roy Niederhoffer and Coen Weddepohl notes that as interest rates start to tick back u

  2. Investing – Big hedge funds bought Puerto Rico's junk bonds, Fidelity explores new trading venue amid flash trade concerns, Crisis-era Greek bonds reward early buyers with big effective returns, Cargill unit discloses stake in Freddie preferred[more]

    Big hedge funds bought Puerto Rico's junk bonds From Reuters.com: Several large hedge funds doubled down on Puerto Rico in last month's giant bond sale despite the U.S. territory's financial struggles, the Wall Street Journal reported, citing confidential documents reviewed by the newspa

  3. Commodities – Popular value fund manager David Iben bets on Russia, gold,[more]

    From Reuters.com: With large bets on Russia and North American gold miners, one of the best performing stock pickers in the wake of the 2008 financial crisis is back with a new fund that reflects his deep aversion to following the crowd. In the Kopernik Global All-Cap Fund, David Iben is follo

  4. Opalesque Exclusive: Pensions, endowments, family offices reconsider life settlement investments[more]

    Bailey McCann, Opalesque New York: Hedge funds were once the largest investors in the life settlement industry, now the industry is seeing more interest from pensions, endowments and family offices directly. Life settlements have always been considered a niche part of the investing landscape, an

  5. SEC allows investment funds to use social media[more]

    Bailey McCann, Opalesque New York: The Securities and Exchange Commission (SEC) has released new guidance letting investment funds and advisors use social media to promote client reviews. The guidance seeks to assist investment managers in developing compliance policies and procedures reasonably