Sun, Sep 24, 2017
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
New Managers October 2013

News and Perspectives: Latest relevant views and findings

OPINIONS

Anthony Scaramucci: advertising is for Davids, not Goliaths

It has been nearly a month since the JOBS Act allowed hedge funds to advertise, but so far there have been few takers.  According to reporting by the FT, smaller "upstarts" have shown interest in advertising, but the larger, more established funds view advertising as sign of failure to raise capital. Anthony Scaramucci, founder of Sky Bridge Capital, a fund of funds, tells the FT, "The Goliaths in our industry are not going to advertise... They think it is gauche and dèclassè, and their partners already have their private planes and their beachside mansions in the Hamptons, so why disrupt the business model?"

But for smaller hedge funds, advertising could provide just the exposure they need. "It presents an opportunity for the Davids to come in with their slingshot, and we are working on our messaging right now. If you choose the right weaponry, you can take out Goliath," Scaramucci told the FT.

Anthony Scaramucci was interviewed by New Managers last year: After closing two vintage seeding funds, SkyBridge is creating a new emerging manager product

FoHFs are not the outdated product that we may think they are

Even if they can't themselves invest directly in hedge funds (e.g. not enough internal resources), investors struggle to justify allocations to funds of hedge funds (FoHF), as the latter have had bad press lately, says Francois Buclez, CIO and CEO of Cube Capital, an independent alternatives boutique with offices in London and Asia, in a Preqin article on the changing FoHF landscape.

But FoHFs are not the o......................

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. iCapital Network enters deal to acquire innovative U.S. private equity access fund platform from Deutsche Bank[more]

    Komfie Manalo, Opalesque Asia: Financial technology platform iCapital Network has entered into a definitive purchase agreement to acquire the US Private Equi

  2. Asia - Hedge funds used to love shorting China. Now, not so much, Fledgling China FoFs require careful use: NCSSF, Amac, Japanese banks turn to PE, hedge funds for returns[more]

    Hedge funds used to love shorting China. Now, not so much From Bloomberg.com: A sharp devaluation. A credit crisis. And an economic hard landing. That's what some of the biggest names in the hedge fund industry were predicting for China after the nation's stocks and currency tumbled in 2

  3. Launches - Orchard launches new credit platform, ETN based on hedge fund to launch on the LSE[more]

    Orchard launches new credit platform Orchard Platform has rolled out Deals as a part of its new platform launch. With the addition of Deals to their suite of technology solutions for loan originators and institutional investors, Orchard Platform takes the next step in their evolution. De

  4. Neuberger Berman closes $1.1bn Credit Opportunities Fund[more]

    Neuberger Berman, a private, independent, employee-owned investment manager, announced that NB Private Equity Credit Opportunities Fund LP closed on $1.1 billion of limited partner commitments. The Fund seeks to invest in the secured and unsecured debt of private equity-backed companies, primarily i

  5. Capital Dynamics launches mid-market private credit business[more]

    Capital Dynamics, a global private asset manager, has launched a dedicated Private Credit Asset Management business. Experienced industry executives Jens Ernberg and Thomas Hall have joined Capital Dynamics to co-lead the company's new private credit initiative. They are based in Capital Dynamics' N