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Money Moves as Investors Plow Redemptions into New Firms
July 2017

By Lydia Tomkiw

“Investors are growing impatient [being] charged for exposures and return drivers that don’t necessarily serve the purpose that alternatives should be serving in their portfolios,” he says.

Client interest in smaller funds has grown in part because of spinouts, with some investors looking to follow talent, says Stuart Blair, director of research at Canterbury Consulting.

But legacy firms that are performing well are still seeing investor interest, he says, citing how Elliott Management recently raised over $5 billion in around 24 hours, he says.

“What we are seeing is consolidation in the hedge fund space,” Blair says. “The haves have it and the nots get flushed out. It’s a maturation of the industry.”

 

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