Mon, Aug 3, 2015
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
New Managers July 2014

PERSPECTIVES: Views and findings relevant to emerging fund managers

Freeman & Co reports mixed year so far for financial services M&A activity

In the first half of 2014, M&A activity was mixed across financial services sectors. Acquisitions of Broker-Dealers increased 25% compared to 1H 2013, while acquisitions of Financial Technology firms increased 45%. Acquisitions in Asset Management declined 36% in 1H 2014 compared to a very strong 1H 2013 for deal activity...

Looking ahead to 2H 2014 and beyond, Freeman & Co. projects the following M&A drivers:

With only 48 asset management transactions announced year to date, we expect transaction activity to remain flat during the remainder of 2014 due to the high volume of deal activity during 1H 2013.

Fee pressures continued to drive M&A activity in 2014 as smaller firms seek to remain competitive and large asset managers continue building upon their scale advantages through buy-side searches for targeted product gaps.

Shifting investor preferences have created a market opportunity for investment solutions, which address needs for diversification, asset allocation, and downside protection which will drive demand for firms providing liquid alternatives, smart beta and niche ETPs...

You can read the full press release here.

Comment: What's a hedge fund manager to do?

I know a small startup hedge fund that was flat last year versus the S&P 500's 32% total return. He's out of business, pack up the truck. Nothing he can explain or illustrate means anything to the handful of seeders who let him hold onto some money for a year.

Hedge funds have faced quite a conundrum recently. On the one hand, they're expected to be "non-correlated" to the risk and returns of the broader market. It's kind of the point of the whole thing, after all. Anyone can simply own the market. But the trouble is, the cumulative annualized growth rate for ......................

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: Despite bumpy June/July, CTAs hold on[more]

    Bailey McCann, Opalesque New York: To say that things have been rocky in managed futures recently is putting it mildly. In June, the industry saw its worst month on a performance basis in the past four years. Then yesterday,

  2. Investing - Hedge fund billionaires bet on London as revival gathers pace[more]

    From Bloomberg.com: London’s fund industry is bouncing back, and U.S. billionaires Steven A. Cohen and Ken Griffin are grabbing a piece of the action. Griffin’s Citadel and Millennium Management, a hedge fund run by Israel Englander, have bulked up in London, where asset growth is outpacing the U.S.

  3. Other Voices: Same day reporting and the evolving role of fund administrators[more]

    By: Scott Price, Head of Business Development and Client Management for North America, Maitland Ernst & Young’s latest glob

  4. Opalesque Roundup: Hedge fund assets rose to 11th consecutive quarterly record level: hedge fund news, week 31[more]

    In the week ending 24 July, 2015, the total global hedge fund industry assets rose to the 11th consecutive quarterly record level in 2Q15 to $2.97tln; Eurekahedge reported that hedge funds raised $93bn in the first six months of 2015; The SS&C GlobeOp Forward Redemption Indicator for July 201

  5. Cowen Group, Inc. to acquire Conifer Securities[more]

    Cowen Group, Inc. and Conifer Securities, LLC had announced the signing of a definitive agreement under which Cowen will acquire Conifer Securities, the prime services division of Conifer Financial Services LLC. The transaction, the terms of which have not yet been disclosed, was approved by the boa

 

banner