Tuesday, 30 September 2014
Last updated 26 min ago
Feb 10 2011 | 9:22am ET
Funds of funds are adding more “nimble” managers to their portfolios, favoring small to medium-size managers, according to the latest survey from Infovest21.
The hedge fund information services company polled 62 funds of funds with total AUM of $104.6 billion and found 41% of those surveyed were adding more nimble managers to their underlying portfolios. Another 38% said they had become more liquid/provided more liquidity.
Lois Peltz, president of Infovest21, said: “While one-third of the funds of funds don't have a preferred asset under management range for underlying managers, the average range of those that have a preference ranged from about $140 million on the low end to $1.4 billion on the high end."
The survey also revealed that the average asset size of the fund of funds organization responding was $1.7 billion. The respondents said, on average, at least $1.4 billion is needed to "survive and thrive."
About half of those surveyed have seen an increase in assets under management while 18% have seen a decrease over the past year.
High net worth/family offices make up over 50% of the average investor base while financial institutions comprise 18% and pensions 14%. Foundations, endowments and sovereign wealth funds comprise the remainder.
Over 60% of the average fund of funds investor base is located in the U.S. with another 18% coming from Europe and 5% from the UK. Japan, Asia, Middle East, Canada and Australia account for the remainder.
Sep 22 2014 | 4:15pm ET
"I tell people that everybody likes good news and so if you have good performance that’s wonderful,” explains Mike McKitish of Peddie School's endowment, “but it’s the people that want to talk about the bad news or where they drifted and how they came back and how they stayed to their discipline…” that he wants to hear from. Read more…
Sep 30 2014 | 9:29am ET
The crisp Autumnal days of October are upon us, and so are a few of the hedge fund industry’s favorite charitable events. If you have never been to Rocktoberfest, well, you are missing out. And for a quieter evening of sipping and socializing, stop by HFC’s Wine Soiree. Read more…
High frequency trading is not evil, it is not a conspiracy and it really is not new; it is the natural evolution of the professional trading community making markets, providing liquidity and hopefully...