Fri, Jul 3, 2015
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. Opalesque Exclusive: New systematic strategy managed alongside research firm outperforms S&P500[more]

    Benedicte Gravrand, Opalesque Geneva for New Managers: An emerging CTA manager explains how he runs his strategy, which is based on an index produced by a research firm. Peter Turk is head of

  2. Opalesque Exclusive: New systematic strategy embraces machine learning[more]

    Benedicte Gravrand, Opalesque Geneva for New Managers: The founder of a New York-based systematic trading firm, which offers a hybrid between alpha strategies and alternative feta at lower fees, describes his approa

  3. Larry Robbins' hedge fund Glenview buys 1m Tenet Healthcare shares[more]

    Komfie Manalo, Opalesque Asia: Glenview Capital Management said it bought an additional 979,482 shares at Tenet Healthcare Corp valued at $53.80 million, raising its stakes in the healthcare services company to 15.16%, reported

  4. Legal - Grayson’s hedge funds under scrutiny for possible ethics violations, Court rejects hedge fund’s motion to block merger of Samsung affiliates[more]

    Grayson’s hedge funds under scrutiny for possible ethics violations From Freebeacon.com: Rep. Alan Grayson is finding himself in hot water over managing hedge funds that bear his name, actions that are in possible violation of House ethics rules. Sitting members of Congress are prohibite

  5. Hedge funds decline in June as stocks tumble on Greek woes[more]

    From Bloomberg.com: Hedge funds posted losses across strategies last month as uncertainty over whether Greece will remain in the euro sent global stock markets tumbling. Winton Capital Management declined about 3.1 percent in June in its $12.1 billion Winton Futures Fund, leaving it down 1.9 percent

 

banner