Sat, Apr 19, 2014
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

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. Opalesque Exclusive: Classic Auto Funds Limited (CAF) launches several car investing funds[more]

    Bailey McCann, Opalesque New York: A new trend in alternative alternatives is emerging - car appreciation funds. Classic Auto Funds Limited (CAF) is the first to market with several funds that make super elite luxury cars into real asset investments. As a result of growing overseas demand couple

  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. Opalesque Exclusive: Hedge fund replicators evolve[more]

    Bailey McCann, Opalesque New York: Hedge fund replicators as a group of products tend to get a bad rap from hedge fund managers who suggest that the best a replicator can offer is dynamic beta capture. A

  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