Mon, May 2, 2016
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
New Managers May 2013

News & Perspectives

You get one shot as a manager

Phillip Chapple, Executive Director with KB Associates UK, a boutique operational consulting firm, told Opalesque's UK-based writer Beverly Chandler that he had already seen 59 potential hedge fund launches so far this year, even though he deems only eight are viable as new businesses. Shortly after he arrived at KB in 2010, he started up a different service helping start up hedge fund managers to build their whole infrastructure with investor requirements in mind, "driven by the fact that a lot of prime brokerage teams had been slimmed back but investor expectations had gone up."

"We see a flow of potential start-ups and we are honest with them about their chance of making it" Chapple says. Currently in London, KB has 41 clients for whom they have prepared or are preparing due diligence. "The flows from investors means that due diligence happens immediately but many investors or conduit investors won't tell you why you have failed - you get one shot as a manager with a lot of them as they don't tend to revisit. The conduit guys look at 1,000 managers to find the 100 so they don't have time to help the managers to get up to standard." (Full Opalesque Exclusive)

AIFMD could asphyxiate new fund launches

Michael Oliver Weinberg is Adjunct Associate Professor at the Columbia Business School where he is currently teaching a course he created on Alternative Investing in Pension Plans. In terms of regulations, Weinberg said on Opalesque Radio that the EU's AIFM Directive is "more of a bane than a boon," as it is too complex and likely to asphyxiate new fund launches and damage existing funds, both in Europe and out of Europe.

"We believe it will result in a significant retrenchment in non-EU domiciled managers who currently have such presence but deem it no longer worthwhile," he notes. But on the positive note, he adds, the managers that stay - most likely......................

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. Hedge funds see $14.3bn outflows in Q1, CTAs and multi-strategy lead net inflows[more]

    Komfie Manalo, Opalesque Asia: The hedge fund industry saw net outflows of investor capital in the first quarter of the year, totaling $14.3bn, data from Preqin showed. This continues from the $8.9bn overall net outflows that funds recorded in Q4

  2. Third Point calls Q1 "catastrophic" for hedge funds[more]

    Bailey McCann, Opalesque New York: The first quarter of this year was rocky for hedge funds based on aggregate performance from the industry, but now we are beginning to hear what the managers thought of it as quarterly letters make their way to investors. Dan Loeb, CEO of New York-based $17 bill

  3. Asia - Stabilization of China's capital outflows may hinge on Janet Yellen, Fink says China to do well this year as bubble threat postponed, Chinese hedge fund to invest in India’s infrastructure[more]

    Stabilization of China's capital outflows may hinge on Janet Yellen From Bloomberg.com: Whether China’s recent stabilization of its currency and capital outflows continues -- or downside pressure reignites -- may hinge in large part on Janet Yellen. If the Federal Reserve chair sticks to

  4. …And Finally - After all, judges are human too[more]

    From Newsoftheweird.com: In March, one District of Columbia government administrative law judge was charged with misdemeanor assault on another. Judge Sharon Goodie said she wanted to give Judge Joan Davenport some files, but Davenport, in her office, would not answer the door. Goodie said once the

  5. Comment - Unmasking the men behind Zero Hedge, Wall Street's renegade blog[more]

    From Bloomberg.com: Colin Lokey, also known as "Tyler Durden," is breaking the first rule of Fight Club: You do not talk about Fight Club. He’s also breaking the second rule of Fight Club. (See the first rule.) After more than a year writing for the financial website Zero Hedge under the n