As hedge fund managers close out a very difficult year, investors have begun to look towards next year’s allocations. Despite lackluster returns, hedge funds are on pace to end the year with net subscriptions higher than at any time since … Continue reading
BHA’s most recent quarterly report discussed how private equity investors are focusing on emerging markets. Traditional investments such as stocks and bonds have generally underperformed as a result of the global macroeconomic turmoil, leaving many investors around the world searching … Continue reading
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
Private equity funds are proving resilient. According to the U.S. Private Equity Index, these funds rose by 10.1% during the first half of this year, while both the Nasdaq Composite and the Russell 2000 increased by only 4.6% and 6.2%, … Continue reading
Commercial real estate has been the sector most favored by real estate investors during the past three quarters. It also has been the sector that has held investors’ interest most consistently throughout the year. Of the total number of mandates … 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