Up until the past few years, the monopoly in the managed account business was fierce and the number of managed account platforms could be counted on one hand. As a result, there was little or no negotiating room when it … Continue reading
The current market environment is challenging for new funds. Investors continue to give capital to larger, more established funds thinking they are a less risky alternative to smaller funds. Prior to 2008, investors sought hefty returns. Performance, not fund size, … Continue reading
Over the past few quarters, BHA analysts have noted a considerable up-tick in the number of institutional investors interested in emerging managers. A fair number of these investors have expressed an interest in identifying and allocating to emerging funds directly. … Continue reading
BHA recently attended an industry conference devoted to family offices and their role in hedge fund investing in 2010. More than 200 single- and multifamily offices were in attendance as well as 250 alternative fund managers. Speaking to numerous family … Continue reading
Since October 2009, BHA analysts have spoken with over 40 endowments. Of those, 26 have recently decided to begin investing in or make larger allocations to single-manager hedge funds. The investment staffs of the endowments cited various reasons for the … Continue reading
Hedge funds focused on merger arbitrage were up almost 8 percent in 2009, according to data from Hedge Fund Research. Perhaps not surprisingly, investors looking to diversify their portfolios and achieve reasonable returns increasingly mentioned their interest in these funds … Continue reading
Over the past few weeks, BHA analysts have noticed a considerable increase in investor interest in boutique, single-strategy funds of hedge funds. Of the 58 fund of funds mandates BHA has received, 30 have been for single-strategy funds. Among both … Continue reading
During the past eighteen months, the tumultuous economic environment has forced many companies to restructure, divest themselves of assets, merge, or search for new business partners. As a result, many hedge fund managers that have been operating event-driven, distressed, and … Continue reading
At a recent private equity summit in Sao Paulo, Brazilian-based alternative managers and investors were excited about the investment opportunities that are available and those that they feel will become available in the near future. One sector that is poised … Continue reading
Distressed opportunities within private equity are heavily influenced by global economic conditions; the level and quality vary significantly during recessionary and growth periods. During the past year, significant opportunities, driven predominately by the credit crisis, have materialized across the private … Continue reading