The hedge fund community is in an accelerated state of evolution. Managers are reacting to market, regulatory, and technological changes at such a rapid pace that constant rethinking and improvement are necessary to keep pace with the industry and the … Continue reading
Merger arbitrage was first brought to the forefront of public imagination during the late 1980s when an estimated 2,000 corporate transactions, each valued in excess of $250 million, occurred, and investors such as Ivan Boesky made aggressive bets on the … Continue reading
The emerging manager space is one of the most dynamic and promising segments of the hedge fund industry, yet there is an absence of a clear definition of who is—or what constitutes—an emerging manager. BHA analysts speak with hundreds … Continue reading
Until recently, it was common for hedge funds to rely on one relationship for most, if not all, of their external needs. It was considered standard practice for funds to establish a prime brokerage relationship that encapsulated a diverse set … Continue reading
Last week’s column discussed the importance for emerging managers to steadily work to expand their investor base in order to maximize their assets and diversify their asset base. Managers should climb the investor ladder, progressing from the less institutional investors … Continue reading
Hedge funds as an asset class have seen a surge in popularity in the past two decades. Once an obscure and arcane investment vehicle understood and utilized by a small cadre of sophisticated ultra-high-net-worth individuals and institutional investors, hedge funds … Continue reading
With so many different categories of investors interested in emerging hedge funds, it is important for managers to tailor their marketing approach to the particular needs of an individual investor. This requires gaining a thorough understanding of an investor’s due … Continue reading
Emerging hedge fund managers who are unable to articulate the benefits of their approach in a clear and concise manner typically find it hard to gain momentum with investors. This is true even for managers with strong credentials and a … Continue reading
The most popular strategy sought by hedge fund investors in the emerging manager space during the past year was overwhelmingly long/short equity, with approximately 65% of mandates specifying this strategy. Long/short equity’s transparent and easily understood nature made it an … Continue reading
For many managers, especially those with emerging funds, 2011 was a turbulent and often confusing year. The fundraising, investment, and business climate faced by the industry reflected the skittish and chaotic trading in global capital markets. Managers and marketing professionals … Continue reading