Sun, Dec 17, 2017
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
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......................

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. Mediobanca acquires majority stakes in Swiss hedge fund[more]

    Komfie Manalo, Opalesque Asia: Listed diversified banking group Mediobanca SpA said it has acquired a majority stake in Geneva-based hedge fund firm RAM Active Investments SA (RAM AI), an active and alternative asset manager offering a range of act

  2. Launches - Ex-BlueCrest team to open over $200m hedge fund, Greg Coffey, a hedge fund star who retired at 41, is eyeing a comeback, Brevan Howard plans Greek funds as bond rally signals revival[more]

    Ex-BlueCrest team to open over $200m hedge fund From Bloomberg.com: A team of traders who left BlueCrest Capital Management earlier this year raised more than $200 million for their own hedge fund focused on Asian stocks, according to a person familiar with the matter. Ovata Capital Manag

  3. North America - Miami could attract hedge funds if SALT deductions axed[more]

    From Law360.com: For years, inertia has been Nitin Motwani's greatest foe in his attempts to lure hedge fund owners in the northeast to Miami, which he has pitched as a tropical low-tax paradise. But with the Republican tax bill proposing to eliminate deductions for state and local taxes, he's sensi

  4. Northleaf Capital Partners closes debut private credit fund on $670M[more]

    Bailey McCann, Opalesque New York: Northleaf Capital Partners has closed its debut private credit fund - Northleaf Private Credit I - on $670 million. The vehicle will invest in private credit transactions in Europe and North America, with a primary focus on lending to private equity-backed compa

  5. ...And Finally - The ongoing gun saga in the U.S.[more]

    From Newsoftheweird.com: As elder members of the First United Methodist Church in Tellico Plains, Tennessee, gathered on Nov. 16 to discuss the recent church shooting in Sutherland Springs, Texas, one of those present asked if anyone had brought a gun to church. One man spoke up and said he c