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Alternative Market Briefing

Hedge fund managers establish track record in U.S. as leverage in attracting offshore investors

Thursday, March 16, 2017

Komfie Manalo, Opalesque Asia:

Hedge fund managers are establishing solid track records in the U.S. first and leverage it to attract offshore investor interest, said The Seward & Kissel 2016 New Hedge Fund Study in their annual analysis of new hedge funds.

The study found that the number of managers who launched a U.S. fund without also offering an offshore fund rose to 40% in 2016, up from 25% in 2015. This is the latest and most dramatic evidence of a trend that began in 2012, it added.

At the same time, Seward & Kissel noted a rising number of newly launched hedge funds are employing non-equity-based investment strategies. The portion of new hedge funds using non-equity-based strategies increased to 35% in 2016, up from 20% in 2015.

Seward & Kissel Investment Management Group partner Steve Nadel and lead author of the study, commented, "The rising popularity of non-equity-based funds is the story of 2016. New fund managers obviously reacted to a big shift in investor appetites. Certain trends accelerated very rapidly this year, including the practice of starting U.S. standalone funds without offshore counterparts and employing tiered incentive allocations. Meanwhile, it's notable that the funds in the Study were unanimous in employing either a lock-......................

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