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Lauralouise and Anric Blatt B. G., Opalesque Geneva for New Managers: Lauralouise and Anric Blatt, one of the power-couples of the fund management industry, have decided to fulfil a role that is dearly needed: help start-ups get over the $100m mark through a coaching programme (see the chance to get a free consultation with them at the bottom of this article).
Indeed, the scary billion-club statistics are a call to arms:
• 88% of AuM is held by 668 One-Billion-Club managers (managers with more than $1bn in Aum),
• 89% of all hedge funds fail to reach $100m,
• more than 2,000 have shut down in the last two years, and
• 93% of small funds fail in the first five years.
The competition between small managers has gotten a lot worse of late, they say: 96 cents of every dollar raised in the last five years went to the five-billion+ managers. The other funds, about 12,000 of them, are fighting for the remaining 4 cents.
"That is the fundamental reason why we got into this," says Anric Blatt to Matthias Knab during a recent Opalesque TV interview. "As allocators on the receiving end of wonderfully talented managers who have come to see us to pitch their investment products… and we have seen so many of them just fail. And they're some of the smartest people that we know."
The...................... To view our full article Click here
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