The sector itself also presented a major headwind, with most private equity /
alternative asset managers in a slump for the past 2 - 4 years, with investors (wrongly) anticipating an abrupt end to a relentless but fearful bull market.
Walid Cherif, Senior Managing Director and head of the private debt business at Gulf Capital, one of the largest and most active
alternative asset managers in the Middle East, added: «This investment highlights the robust market conditions for flexible capital in the MENA region.
In June, Fortress Investment Group, a $ 70 billion
alternative asset manager in New York, did a deal with London - based litigation funder Vannin Capital that gives Vannin access to a pool of as much as $ 500 million.
Not exact matches
Sonia Gardner is president, managing partner and co-founder of Avenue Capital Group, a global
alternative investment
manager with more than $ 10 billion
in assets under management.
It is the biggest shake - up
in KKR's structure since the firm went public 12 years ago, making it the second
alternative asset manager to change its tax status, following Ares Management LP earlier this year.
Brookfield
Asset Management is a global alternative asset manager whose specialty is investing in «real assets» — this is primarily property, renewable energy sources, infrastructure, and private eq
Asset Management is a global
alternative asset manager whose specialty is investing in «real assets» — this is primarily property, renewable energy sources, infrastructure, and private eq
asset manager whose specialty is investing
in «real
assets» — this is primarily property, renewable energy sources, infrastructure, and private equity.
The spotlight that private equity firms and hedge funds find themselves under
in the current regulatory environment, as well as the changes
in fair value rules for financial reporting, increase the scrutiny of
alternative asset managers by investors, fund administrators, and auditors.
For its new global fund, Sequoia is already trying to attract investors
in China, where fund
managers are looking to gain from growing sources of capital at wealth management firms, insurers and other large domestic institutional investors that aim to boost returns
in alternative assets, the people said.
She leads an investment team of portfolio
managers and analysts responsible for the design, implementation and management of investment solutions for individual and institutional clients
in several
asset classes from traditional to
alternative investments.
HQ Capital is a leading independent
manager of
alternative assets, investing
in U.S. real estate and global private equity since 1989.
NXRT will be externally managed by NexPoint Real Estate Advisors, L.P., an affiliate of NexPoint Advisors, the advisor for NHF, and Highland Capital Management, L.P., a leading global
alternative asset manager and an SEC - registered investment advisor which, together with its affiliates, has approximately $ 19 billion
in assets under management as of June 30, 2014.
Founded
in 2011 by Plants, a former Goldman Sachs executive, San Francisco - based Voce Capital Management is a fundamental value - oriented, research - driven
alternative asset manager that takes concentrated, long - term positions.
I've since replaced CLNY with Tetragon Financial Group (TFG: NA), an investment fund (& budding
alternative asset manager) primarily investing
in the residual equity tranches of US CLOs.
I've got a holding
in Fortress Investment Group (FIG: US), a US
alternative asset manager primarily focused on investing
in leveraged & distressed companies, plus distressed
assets & securities.
«
Managers» new initiatives are focused on blending together existing capabilities
in equity, fixed income and
alternative asset classes to build an
asset allocation strategy to serve as an all - inclusive solution for advisers» portfolios.»
«
In addition, some
managers are focusing on other parts of their product line or capabilities, such as
alternatives multi-
asset-class solutions, target - date funds and
asset allocation vehicles.»
And sometimes the only exposure: There's precious little access to European distressed
assets for private investors right now, but
alternative managers offer the chance to get
in on the ground floor for what's to come...
In May, I published a series on alternative asset managers, which culminated in a write - up of my latest purchase (at the time), Fortress Investment Group (FIG: US
In May, I published a series on
alternative asset managers, which culminated
in a write - up of my latest purchase (at the time), Fortress Investment Group (FIG: US
in a write - up of my latest purchase (at the time), Fortress Investment Group (FIG: US).
Yes, Clinton Group gets a «free» equity ride for contributing its expertise; it's a low - cost way to launch an
alternative asset manager that will be valued
in the stock market, but they have every incentive to make it work.
This stands
in marked contrast to most
alternative asset managers who are generally
in divestment mode once a portfolio company IPOs.
These were included
in a series I wrote last year, covering
alternative asset managers — here, here & here.
But
in terms of
alternative investment
assets &
managers, there still exist interesting pockets of opportunity (albeit, perhaps more limited
in size)-- while private equity firms have accumulated unprecedented levels of AUM / dry powder, and can thrive as well as ever
in today's world, noting their gradual move into property & looking forward to a huge untapped opportunity ahead
in infrastructure.
Alternative asset managers can easily achieve a 7.5 % of AUM valuation — let's assume 20 % of this valuation may accrue to NTR (bearing
in mind income earned would probably come at little / no incremental cost to NTR).
The other obvious trillion dollar opportunity for Fortress, and every other
alternative manager, is
in European distressed
assets.
An obvious play on these themes is to invest
in alternative asset managers.
In my experience, traditional
asset managers average out between 2.25 % to 3.25 % of AUM, while
alternative managers command, say, 7.5 % + of AUM.
Second, when passive
alternatives are offered
in a market that was formerly dominated entirely by active
managers, where do the passive
assets come from?
the Macro Funds, and ignoring $ 9 billion of «dry powder») for 1.0 % of AUM, ex-net cash & investments — even when you factor
in $ 33 billion of Logan Circle fixed income AUM (which investors may be under - estimating as a potential natural hedge
in the current environment), that's an incredibly cheap valuation for an
alternative asset manager.
I wrote more on this topic last year
in a series on
alternative asset managers — the series focused primarily on my approach to
asset management valuations, the level of balance sheet cash & investments
in the sector, and a brief run - down of the
managers themselves (inc. a number of hedge fund
managers).
If you invest
in asset managers, or have read some of my prior posts, you'll know a 3.0 Price / Sales multiple can actually be a cheap price for an
alternative asset manager.
Global
alternative asset manager Ares Management has acquired a majority ownership stake
in Conti Solar, a renewable energy development, engineering, procurement, and construction company.
The London - based legal team of The Carlyle Group — a global
alternative asset manager with $ 195bn of
assets under management and one of the largest private equity firms
in the world — is comprised of three senior lawyers who work alongside Carlyle's global GC for investments and head of Europe, Heather Mitchell.
Our client, a Leading
Alternative Asset Manager, is seeking a Receptionist / Administrative Assistant...
In this dynamic role, you will take on a variety of reception and office administration tasks to...
Oaktree is a leader among global investment
managers specializing
in alternative investments, with $ 76.4 billion
in assets under management as of June 30, 2013.
The New York - based
alternative -
asset manager has amassed more than 100 select - service hotels
in the U.S.
«Cash becomes extremely valuable
in one circumstance
in particular: when financial accidents happen,» Bruce Flatt, chief executive officer of Canada's largest
alternative -
asset manager, said
in a letter to shareholders Friday.
(Bloomberg)-- Brookfield
Asset Management Inc., Canada's largest alternative asset manager, said it's selling off assets so that it will be ready to pounce in the next down ma
Asset Management Inc., Canada's largest
alternative asset manager, said it's selling off assets so that it will be ready to pounce in the next down ma
asset manager, said it's selling off
assets so that it will be ready to pounce
in the next down market.
Brookfield
Asset Management Inc. is a global alternative asset manager with over $ 200 billion in assets under manage
Asset Management Inc. is a global
alternative asset manager with over $ 200 billion in assets under manage
asset manager with over $ 200 billion
in assets under management.
SEI presently partners with more than 300
asset owners and investment
managers of traditional,
alternative and hybrid structures representing $ 16.5 trillion
in assets, including 36 of the top 100
managers worldwide.
Brookfield
Asset Management Inc. is a global alternative asset manager with approximately $ 200 billion in assets under manage
Asset Management Inc. is a global
alternative asset manager with approximately $ 200 billion in assets under manage
asset manager with approximately $ 200 billion
in assets under management.
Ares, a Los Angeles - based publicly traded global
alternative asset manager, has already sold at least 40 Queens buildings to A&E
in two deals alone.