Rothschild Eyes U.S. Fund Of Funds Buy

Apr 16 2013 | 1:56pm ET

Rothschild & Cie. is on the lookout for a U.S. fund of hedge funds as it seeks to double its assets under management in that area.

"If you look at the U.S. fund of hedge fund business, it's fairly concentrated," Rothschild asset management CEO Jean-Louis Laurens told Reuters. "You have a couple of very large players and you have a number of smaller players, some of them struggling to remain in the business and falling a little bit below the US$5 billion mark that institutions or consultants would be comfortable with."

At the moment, Rothschild's U.S. fund of funds presence falls into the second category, with a small New York-based operation. But the firm has hired Cambridge International Partners to source potential acquisition targets which could boost Rothschild's total fund of funds assets, currently between €5 billion and €6 billion, to about US$10 billion.

"Being more present in the U.S. market and also having access to the U.S. institutional client base makes sense for us," Laurens explained.


In Depth

Q&A: Portfolio Advisors' Brian Murphy On The Advantages of A Private Markets Platform

Jan 2 2018 | 11:05am ET

Most private markets firms reference their platforms as a source of competitive...

Lifestyle

CFA Institute To Add Computer Science To Exam Curriculum

May 24 2017 | 9:25pm ET

Starting in 2019, financial industry executives sitting for the coveted Chartered...

Guest Contributor

Steinbrugge: The Top Hedge Fund Industry Trends for 2018

Jan 2 2018 | 12:22pm ET

Each year, Don Steinbrugge’s Agecroft Partners compiles the insights gained...

 

FINalternatives Trending

From the current issue of