Fri, Mar 29, 2024
A A A
Welcome Guest
Free Trial RSS pod
Get FREE trial access to our award winning publications
Alternative Market Briefing

Study finds emerging and diverse-owned fund managers perform well, worthy of consideration by institutional investors seeking alpha

Wednesday, October 11, 2017

Komfie Manalo, Opalesque Asia:

Emerging and diverse-owned fund managers are performing well and are worthy of consideration by institutional investors seeking alpha, according to a research by the National Association of Investment Companies (NAIC) with the assistance of KPMG accounting firm and AON Hewitt. NAIC is the industry association for diverse-owned and emerging managers, a number of which rank among the best performing private equity firms and hedge funds in the United States.

According to the study commissioned by the Knight Foundation, there are approximately 150 diverse private equity firms in existence, 52 female-owned and 98 minority owned.

"I hope this report causes institutional investors to have an epiphany regarding investing with diverse-owned private equity firms," said Robert L. Greene, Prepsident & CEO of the NAIC. "The opportunity for outperformance is clear and the perceptions which have limited the flow of capital are invalid and unwarranted."

The report entitled, Examining the Returns: The Financial Returns of Diverse Private Equity Firms highlighted the fact that diverse-owned private equity firms continue to demonstrate their skill and expertise and have once again outperformed the relevant benchmarks. On an aggregate basis, diverse-owned firms generated an impressive 16.5% in......................

To view our full article Click here

Previous Opalesque Exclusives                                  
Previous Other Voices                                               
Access Alternative Market Briefing

 



  • Top Forwarded
  • Top Tracked
  • Top Searched
  1. KKR raises $6.4bn for the largest pan-Asia infrastructure fund[more]

    Laxman Pai, Opalesque Asia: The New York-based global investment firm KKR has raised a record $6.4bn for its second Asia-focused infrastructure fund, underlining investors' continued appetite for private markets. According to a media release from the alternative assets manager, the figure top

  2. Bucking the trend, top hedge fund makes plans for a second SPAC[more]

    From Institutional Investor: SPACs aren't dead. At least not to the folks at Cormorant Asset Management. The life sciences firm, whose hedge fund topped its peers in 2023, is confident it will match the success of its first blank-check company. Last week, the life sciences and biopharma speciali

  3. Benefit Street Partners closes fifth fund on $4.7 billion[more]

    Bailey McCann, Opalesque New York: Benefit Street Partners has closed its fifth flagship direct lending vehicle, BSP Debt Fund V, with $4.7 billion of investable capital across the strategy. Benefit Street invests primarily in privately originated, floating rate, senior secured loans. The fun

  4. 4 hedge fund themes that are working in 2024[more]

    From The Street: A poor earnings report from Tesla (TSLA) has not hurt the indexes on Thursday. The decline in Tesla stock, which is losing its position in the Magnificent Seven pantheon, is more than offset by strong earnings from IBM (IBM) and ServiceNow (NOW) . In addition, the much higher-t

  5. Opalesque Exclusive: A global macro fund eyes opportunities in bonds[more]

    Bailey McCann, Opalesque New York for New Managers: Munich-based ThirdYear Capital rebounded in 2023, following a tough year for global macro. The firm's flagship ART Global Macro strategy finished the year up 1