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New Managers March 2014

EMERGING MANAGER BULLETIN: Latest developments within the emerging manager community

New Legacy discusses the Global Emerging Manager Awards

Benedicte Gravrand, Opalesque Geneva (February 28, 2014) Adam Gelger

S&P Capital IQ and New Legacy Group announced this year's finalists for the second annual Global Emerging Manager Awards (GEMA), an industry-sponsored event that recognizes successful emerging hedge fund managers from around the world, and provides a forum for sharing best practices among colleagues within the institutional investor community...

Trends within the emerging fund manager arena

New Legacy Group, LLC, a global investment management firm founded by Adam Geiger in March 2008, launched a fund of emerging manager funds in July 2011, which is still in existence.

When asked if the manager search involved in this fund of funds helped New Legacy draw a list of candidates for the awards, Geiger told Opalesque: "Not necessarily. ... We started the Global Emerging Manager Initiative with S&P not necessarily as a way for us to source managers for our fund of funds – although certainly that's a benefit. It was more an effort to bring in awareness to the universe of emerging managers. We thought the best way to do that was to recognize those that had done the best job in any given year. We define the best jobs through some combination of performance, risk control, infrastructure, development, asset growth, investor relation policies and procedures."

The fund of funds and the awards are two separate entities, Geiger adds, yet they occasionally overlap as and when New Legacy finds, during the course of the work on the awards, a manager that would be suitable for the fund.

On the trends within the emerging fund manager arena, Geiger notes that the competition among seed capital providers continues to increase; there is also less emphasis o......................

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This article was published in Opalesque's New Managers a top-down monthly analysis, news and research publication on the global emerging manager space.
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