Whether by choice or by the lack thereof, hedge fund managers are attending events to market their funds directly. They are getting in the game and focusing on this core business function only to find it more competitive then ever.
- The environment for hedge fund seeders has changed dramatically over the last 12 months
- There are now fewer seeders in the market
- Even established funds are looking for seed capital after redemptions have hit their funds
- Some start ups have suffered as their original seeders have withdrawn from the market
- Investors are more stringent than ever before on issues such as corporate governance, use of third party administrators and transparency
From Today’s FT June 3, 2009 FT.com / UK – Hedge fund industry climbs its ‘slope of enlightenment’. I have been talking about the evolution of the industry for some time. I have pulled out the last 4 paragraphs. Excellent summary of the state of the industry and the path forward…. Read more »
As if everyone’s database wasn’t already in tatters. Today comes news of the expected consolidation wave that will roll-up the Swiss FOF industry. In an article in Hedgeworld/Reuters, Martin de Sa’Pinto commented that the “you can get there from here” nature of the compensation structure will compell FOFs into one another’s arms. … Read more »
Two blog posts of interest on placement agents and seeding.