Sun, Jan 25, 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. Commodities - Druckenmiller alums at PointState make $1 billion on oil, Andurand Capital sees oil sliding to $40[more]

    Druckenmiller alums at PointState make $1 billion on oil From Bloomberg.com: Hedge fund manager Zach Schreiber stood on stage at Avery Fisher Hall in New York eight months ago and made a bold prediction. “We believe crude oil is going lower -- much lower,” Schreiber, 42, told the audienc

  2. Investing - David Einhorn discloses a new position in Time Warner, Canyon trimming bets on mortgage bonds after making $7bn[more]

    David Einhorn discloses a new position in Time Warner From FTLeavenworthlamp.com: …Einhorn also disclosed a new position in Time Warner. "Since 2009, TWX has refocused its business into a collection of high quality assets including basic cable networks (Turner and CNN), a movie studio (

  3. Top performing private equity firms you should invest in[more]

    Komfie Manalo, Opalesque Asia: Professor Oliver Gottschalg of Paris-based HEC Business School, also known as Ecole des Hautes Etudes Commerciales de Paris has released his annual ranking of the top performing private equity firms. The 2014 HEC-DowJones Private Equity Performance Ranking

  4. Comment - Why invest in hedge funds if they don't outperform the market?[more]

    From Forbes.com: Hedge funds have always been a bit exotic and an enigma to some, but bottom line they are supposed to produce good returns using a range of strategies including global macro, event driven and relative value (arbitrage). And, sophisticated or high-net-worth individuals (HNWIs) could

  5. Owen Li 'truly sorry' for blowing up $100m of hedge fund’s assets[more]

    From CNBC.com: A hedge fund manager told clients he is "truly sorry" for losing virtually all their money. Owen Li, the founder of Canarsie Capital in New York, said Tuesday he had lost all but $200,000 of the firm's capital—down from the roughly $100 million it ran as of late March. "I take r