Stricter regulatory requirements and an increased aversion to risk are curtailing lending at some of the largest banks, and many private companies are seeking alternative funding sources to meet their capital needs. As a result, both hedge funds and private … Continue reading
Throughout 2011, many investors have become more interested in providing seed capital to emerging managers. Seed capital is an injection of early stage funding; many emerging managers often seek such capital when they launch their fund. Seed investors typically … Continue reading
On October 31, 2011, the brokerage firm MF Global filed for bankruptcy protection. Only a week earlier, the firm’s bonds had been downgraded to junk status by Moody’s Investors Service, which sent investors fleeing.1 One of Moody’s main concerns was … Continue reading
Switzerland has long been a financial hub due to the country’s stable currency, fiscal conservatism, and well-insulated position from global political events. However, with investors’ recent flight to franc, which has pushed the value of the currency to record highs … Continue reading
Amid concerns over increased regulation, emerging hedge fund managers may be happy to learn about a law passed recently in California that doesn’t involve increased government oversight. On October 9, the governor of California signed a bill that requires public … Continue reading
Introductions can be made by e-mail, and dialogue can be initiated over the phone, but true relationships can’t be established without face-to-face meetings. Years ago, investors used to tell BHA that they would never make an allocation without a face-to-face … Continue reading
Every week, BHA analysts speak with alternatives investors all around the world. This year, analysts have profiled approximately 1,900 hedge fund searches to date from investors globally. Of these mandates, 45% came from investors in the U.S., and 49% came … Continue reading
Long/short equity strategies are considered to be among the most traditional and straightforward investment options available to those seeking exposure to absolute return strategies. In fact, the very first hedge funds employed this strategy, and for a time, long/short funds … Continue reading
Last week in this space, the emerging manager article noted that although mandates from European investors make up about 47% of BHA’s overall searches, they comprise a smaller portion (40%) of BHA’s emerging manager searches. To some degree, this … Continue reading
Austerity cuts have caused a large number of U.K. government pensions to evaluate their costs and reduce their overhead. And yet, the pensions still have a legal obligation to conduct thorough due diligence reviews—a resource-intensive process. To bridge the gap, … Continue reading