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Dermot Butler Benedicte Gravrand, Opalesque London:
Hedge fund platforms, who typically take care of all the nitty-gritty part of the business of running funds (administration, marketing, etc.), allowing managers – especially emerging managers – to focus on the running of money, have sprouted of late, as there is a greater need for them – what with the greater regulatory obligations and more careful investors.
The likes of Lyxor, AlphaMetrix (recent article), CAISfunds (recent article), Peregrine Group (recent article), Investcorp (recent article), have all recently started single manager fund or managed account platforms.
Nascent Fund
Before 2008, $100m for a newly-launched hedge fund was "considered petty cash," said Dermot Butler, chairman of Custom House, a hedge fund administrator headquartered in Malta (and sponsor or our Roundtables) during the recent Opalesque London Roundtable. However, now it is a different story.
"If a manager is any good and can start with the support of a ...................... To view our full article Click here
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