Tue, Sep 29, 2020
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Alternative Market Briefing

SpringOwl planning to launch an activist hedge fund in fourth quarter

Wednesday, September 21, 2016

Komfie Manalo, Opalesque Asia:

Fresh from its victory to oust Viacom’s chief executive officer Philippe Dauman last month, SpringOwl Asset Management has announced plans to launch an activist hedge fund that invests in real estate, financial services, consumer and technology companies in the fourth quarter, Reuters reported.

SpringOwl Asset, founded by Jason Ader and Andrew Wallach in 2013, has reported earnings between 20% and 40% this year, beating the average activist hedge fund’s return of 5.6%. The fund is managing about $140m in managed accounts for wealthy families.

"We've written lots of white papers on our ideas and then we go talk to our investors, and with the structure of a new fund, we can commit that much more quickly," Ader was quoted as saying. He added that he plans to raise several hundred million dollars more and set a cap at $2bn.

However, industry insiders said that activist funds are facing difficulty raising funds as newcomers crowd the space. Data from Hedge Fund Research showed that assets allocated into activist funds fell by about 6% in the first six months of 2016 to $112.4bn.

But Ader remains confident, "Activist strategies are out of favor right now because funds got too big, were mostly investing in the United States, had poor liquidity terms and are volatile. We tried to addre......................

To view our full article Click here

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. Investing: Tech stocks aren't in a bubble, but investors should be pickier, Credit Suisse says, Pandora tops world's best-performing market as hedge funds exit, What Bill Ackman is investing in now[more]

    Tech stocks aren't in a bubble, but investors should be pickier, Credit Suisse says From Business Insider: Credit Suisse on Thursday trimmed its overweight rating for tech stocks, recommending investors be more selective with their sector picks. Crowding in tech giants and the stocks&#

  2. Investing: Third Point buys stakes in Facebook, Alibaba in Q2, exits Sony, Allergan, Here's what investors with $3.4tn are buying during covid, An energy trader seeks profit from batteries in European markets, Hedge fund ARCM to sell $200m of Premier Oil debt[more]

    Third Point buys stakes in Facebook, Alibaba in Q2, exits Sony, Allergan Third Point LLC acquired new stakes in Facebook Inc. and Chinese e-commerce companies Alibaba Group Holding Ltd. and JD.com Inc. during the second quarter of 2020 as it divested positions in Sony Corp. and drugmaker

  3. PE/VC: Investors have bet big that you can get private equity returns in the public markets. A new study says otherwise, Aberdeen's Bonaccord teams up with CAZ to buy stakes in private markets managers, The role of private equity in economic recovery from Covid-19[more]

    Investors have bet big that you can get private equity returns in the public markets. A new study says otherwise From Institutional Investor: New research suggests private-equity-owned firms respond differently to financial distress - and that the resulting performance "cannot be replicat

  4. Opalesque TV: Meet a Swiss fund manager who hedges with a difference[more]

    B. G., Opalesque Geneva: There is a quant manager in Zurich that does things a little differently, which has helped a lot so far this year. ICON Asset Management, which was mentioned in the

  5. Franklin Templeton creates new unit with QS Investors[more]

    Laxman Pai, Opalesque Asia: Franklin Templeton will combine recently acquired QS Investors, a Legg Mason subsidiary, with Franklin Templeton Multiasset Solutions (FTMAS) business into a single consolidated unit. Effective Oct. 1, the combined business, called Franklin Templeton Investment Sol