Editor's view: 29 July 2010
Like Paris in the spring, the lure of the Ucits space is proving a heady experience for many managers. First Europe fell for the charms of these onshore products, now the Americans are joining in a communal swoon.
04/03/2010
Schonfeld Group plans allocations increase
Schonfeld Group Holdings, a New York-based proprietary trading and investment firm, will significantly increase its allocations this year.
Andrew Fishman, president, said the firm will deploy capital to quantitative and systematic traders, along with traditional long/short hedge fund managers.
“We think on the quantitative side there is more talent because of what is going on on Wall Street, but in the traditional hedge fund space, the capital raising is more difficult for smaller firms, which presents an opportunity to invest with them,” he said.
Schonfeld is looking for directional black box strategies as well as statistical arbitrage offerings on the quantitative side. By the year’s end, Schonfeld anticipates allocating to 10-15 quantitative managers in total, giving them between 500m each. So far, it has given money to four or five managers.
On the traditional long/short hedge fund side, Schonfeld has allocated to three US-based managers and is expected to add another five or six this year. Typically, it gives each manager 75m.
- Share
-
Text Size
Decrease text size
Increase text size
Comment: Amy B Hirsch
"It is imperative that investors of all types ensure they understand the relationship between the introducing party and the manager"
Investors sit tight on impaired assets
Playing the ‘what if’ game can be fun but, depending on the number of variables in question, it can get a little out of control. Apply this conceit to the hedge fund sector's performance during the financial crisis and the possible permutations become legion.
Hedge fund inflows in Q2
Hedge inflows have slowed as volatile markets made sitting on the sidelines the safest option in Q2. According to figures from HFR, the quarter’s $9.5bn - a 30% drop from Q1’s $14bn – reflected the 'wait and see' policy of many investors as the HFRI Fund Weighted Composite dropped -2.5%. With nerves setting in, recent predictions of a boom of interest in the alpha potential of smaller managers also fell flat, with the lion’s share of money going to large $5bn-plus managers.
Read MoreFunds of hedge funds fall out of favour
A growing number of institutional investors are now opting to invest directly into hedge funds instead of allocating to the space via funds of hedge funds.
Read More
22/09/2010
UK: Ucits IV
This month’s HFMWeek Subscriber Club breakfast will take place on Wednesday 22 September. Join us and…
30/09/2010
US: topic to be confirmed
The next HFMWeek Subscriber Club breakfast will take place on Thursday 30 September. Topic and…
19/07/10
HFM Week US Performance Awards
Following the success of the last year’s HFM US Hedge Fund Performance Awards we...
Be the first to comment on this article!