Sun, Nov 23, 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

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. Greenlight Re CEO says hedge fund reinsurance strategy buzz is validating[more]

    From Artemis.bm: The attention being paid to the hedge fund reinsurance business model and the fact that others are now looking to leverage bits of it within their own strategies, is validating for reinsurer Greenlight Capital Re, according to CEO Bart Hedges. There has been an increasing buzz

  2. Legal - Hedge fund manager fights £8m tax tribunal ruling[more]

    From FT.com: A hedge fund manager who may have to repay £8m in tax is trying to overturn a tribunal ruling that found he had attempted to shelter millions in an avoidance scheme. Patrick Degorce, chief investment officer at Theleme Partners, lost a tax tribunal case last year. HM Revenue & Customs c

  3. Europe - Hedge funds face exit tax as Iceland central bank discusses plan[more]

    From Bloomberg.com: Hedge funds and other creditors with claims against Iceland’s failed banks face an exit tax as the island looks for ways to unwind capital controls without hurting the economy. The government targets having a plan it can present by year-end that would map out how Iceland will sca

  4. Investing - George Soros puts $500m of his money on Bill Gross, Soros, Paulson backed Hispania Activos mulls Realia takeover, Ex-Credit Suisse trader’s hedge fund sees yen shorts as crowded, Hedge hunters double default-swaps as views split, Large hedge fund positions come under pressure, Vikram Pandit's fund picks 50% stake in JM Financial's realty lending arm for $87m[more]

    George Soros puts $500m of his money on Bill Gross From WSJ.com: Before Bill Gross was fully settled in at his new firm, Janus Capital Group Inc., he received an unlikely visit from the chief investment officer of famed investor George Soros ’s firm, according to a person familiar with t

  5. Hedge fund Oceanwood raises $2bn, to close to new investors[more]

    From Reuters.com: Europe-focused hedge fund Oceanwood Capital Management is closing its fund to new investors after its assets under management hit $2 billion (1 billion pounds) recently, a source with direct knowledge of the matter said. Oceanwood, a multi-strategy hedge fund spinout from Tudor Gro