Fri, Apr 18, 2014
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
New Managers February 2014

PERSPECTIVES: News, views and findings relevant to the emerging manager space

Investors are moving away from simply investing in the largest funds

Good news for smaller managers. Preqin's latest survey found that the highest proportion of hedge fund investors (57%) are targeting managers with $1-5bn in assets, and the lowest proportion are targeting funds with more than $5bn, suggesting that investors are moving away from simply investing in the largest funds. Investors are also more open to consider smaller managers, especially those with a track record…

A large proportion (92% for hedge fund investors) plan to put more or the same level of capital to work in the next 12 months as in the previous year. 32% of hedge fund investors are looking to commit more capital. (Full article here) Emerging Managers are the hallmark of the managed futures industry

James Bibbings, President, Turnkey Trading Partners comments on National Futures Association ("NFA")'s recent review of the regulatory structure applicable to Commodity Pool Operator ("CPO") and Commodity Trading Advisor ("CTA") operations, and its request for comment.

Bibbings is of the opinion that the NFA should not impose a minimum capital requirement on CTA Members. He notes: "The current lifeblood of the commodity interest industry within the United States is managed futures and the development of emerging managers. According to the CME the space has grown by 700+ % since 2002. With certainty, a CTA capital obligation will damage the emerging manager space and starve the growth engine of our industry."

"... Emerging Managers are the hallmark of the managed futures industry," he continues. "At one point in time, the largest and most successful CTAs and CPOs were emerging managers. Turnkey clearly believes that, as an industry, we need to be at the forefront of protecting investors. However, we also need to foster an environment th......................

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. 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

  4. 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

  5. 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