Thursday, 25 December 2014
Last updated 23 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."
Dec 1 2014 | 10:21am ET
As 2014 winds down, Northern Trust Hedge Fund Services executives took some time to share their outlook on trends facing the industry in 2015. Read more…
Jeff Sprecher was simply looking for a platform to trade energies when launching ICE 14 years ago but it has grown to reach the pinnacle of both the listed futures and equities world.