News from the front – redemptions slowing!

 
Reuters is hosting a hedge fund and private equity forum in London, Singapore and New York. I can’t yet figure out whether it is virtual or happening in real time as it has escaped my conference net. Maybe someone can help.
 
Regardless, interesting news from the from CQS and Polar Capital.
 
CQS reports:
Client withdrawals from Britain-based hedge fund CQS [...]

UBP – HF’s to drop by 2/3rds

Hedge Fund Assets Could Fall Two-Thirds: UBP 
 
Hedgworld, Pascal Schmuck, Martin de Sa’Pinto
free subscription required
 
I emphasize the final two paragraphs which I find interesting. UBP is/was the largest FOF in the world. They are consolidating managers. One imagines that this is going on across the board.
 
UBP said in the future it would only invest in funds [...]

Prime Brokerage Cap-Intro – Insiders Perspective

We recently announced a strategic partnership with Lighthouse Prime Services. We are excited about the opportunity as we are working with a group that recognizes that in order to do “cap-intro” correctly, you need to work with people that are talking to investors every day.   
 
For years, we heard the common refrain that, “our prime [...]

New Benchmarking Data – HFR launches 38 indices

A marketing challenge for all hedge fund marketers  is how to benchmark performance of a hedge fund strategy.
 
We have all seen strategies that are allegedly non-correlated benchmark against the S&P or Russell 2k, the Barcleh AG (hat tip to Dealbreaker.com), however, how useful is this?
 
There are hedge fund indices out there, but these cover big [...]

A word on humility and professionalism

I pulled out  a couple excerpts below from an obvious but informative piece that recently came across the transom. the email from Hedgeworld hit my inbox as I was hanging up with a Geneva based investor member. A fund of fund that creates portfolios for private banks he felt like he was doing all the [...]

Hedge Connection offers Marketing Platforms to Lighthouse Prime Services Clients

Today we issued an important announcement. Not only a significant development for our company but also a significant development in the rapid development and transformation of the hedge fund services sector.
 
As the major prime brokerages cut down on services to clients, specifically smaller funds, our partnership with Lighthouse offers their clients a turn-key solution.
 
 
 
Lighthouse Prime [...]

Hedge funds Target HNW/Family Offices

From:
Hedge funds to chase the wealthy.
Wealth Bulletin
Stephanie Baum
 
Insightful article on two important hedge fund investor constituencies.
 
I will attempt to summarize:
1. HNW and family offices were some of the first investors in hedge funds
 
2. HFs started to target larger pockets of money from FOFs, endowments, foundations and ultimately pension funds at the expense of their HNW/Family [...]

What happens when 30% of 50% goes away?

While hard data on the hedge fund industry is hard to come by, it is commonly understood that 50% of single manager money comes from FOFs.
According to Hedgeworld, 30% of that 50% is gone, with significant implications for raising new capital. To name a few:
- consolidating positions
- knock-on redemptions
- legitimate concern over business viability
- limited [...]

Investor Roundtable Series Trailer

The Investor Champagne Roundtable Series is how hedge fund managers will get eight sit down meetings with qualified investors in one afternoon.  It is also a chance for select investors to meet many hedge funds at one time.  Watch our trailer below.
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Investors present at our first event were: UBS Hedge Funds Groups, AC Investment Management, [...]

Thoughtful Presentation on HF Marketing

This morning I received a press release from IQ Financial Marketing notifying me of the availability of a free  guide offering 10 tips on hedge fund marketing. As we offer our own marketing tips each month so I was naturally curious.
 
According to the release, “IQ’s principals, Nancy J. Dennis and Michael H. Greenstein, are long-time [...]