Thursday, 25 December 2014
Last updated 16 hours ago
May 31 2011 | 9:42am ET
Goldman Sachs Asset Management plans to launch a fund of emerging hedge fund managers as investors increasingly look to smaller funds for stronger returns.
Goldman hopes to raise hundreds of millions of dollars for the fund of funds, Financial News reports. That effort comes alongside Goldman's current fundraising for a hedge fund seeding vehicle, to be headed by Ali Raissi.
GSAM has entrusted the fund of funds to Ryan Roderick, a managing director of hedge fund strategies in New York. That vehicle will seek out undiscovered managers, investing in those willing to offer it a fee break. The seeding fund will take ownership stakes in the funds it selects.
Roderick's fund of funds may also invest in hedge fund startups, FN reports. But it will focus on smaller hedge funds that haven't reach a critical mass of assets under management.
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.