Wednesday, 28 January 2015
Last updated 8 hours ago
May 12 2011 | 1:01pm ET
Smaller hedge funds may have a very, very big ally in their efforts to raise money. Goldman Sachs is pushing investors towards smaller hedge funds, a top executive said yesterday.
"All flows have gone to managers with $2 billion and above over the past two years," Lawrence Restieri, co-head of Goldman's alternative capital markets group, told the SkyBridge Alternatives Conference in Las Vegas. "Intuitively, that would lead you to believe there's an opportunity in smaller emerging managers," those with less than $1 billion in assets.
What's more, Restieri said, finding smaller hedge funds for clients is good business.
"Larger clients, with $100 million plus, they don't need help finding Och-Ziff" Capital Management, Restieri explained. "They need help sorting through the thousands of smaller managers out there. So there's value that our platforms can provide there."
Jan 23 2015 | 1:00pm ET
In our new section, FINtech Focus, we will profile one of these firms each week. While fintech is a broad category, we will be focusing on firms that specifically cater to the alternative investment industry. Read more…