Franklin Square is
a manager of alternative investment funds designed to enhance investors» portfolios by providing access to asset classes, strategies and asset managers that typically have been available to only the largest institutional investors.
The fees on alternative investments are so high that
managers of these alternatives investments simply can not make up for in investment returns for the amount they charge.
The best
managers of alternative investments are not open to the public, and not to these private investment middlemen as the conference.
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.
Under the agreement with Goldman, the bank's
Alternative Investments and Manager Selection (AIMS) Group will select managers for $ 2 billion worth of the pension fund's stock portfolio that focuses on making investments abroad with activ
Investments and
Manager Selection (AIMS) Group will select
managers for $ 2 billion worth
of the pension fund's stock portfolio that focuses on making
investments abroad with activ
investments abroad with active
managers.
Clockwise from left: Hannah Grove, Chief Marketing Officer; Karen Keenan, Chief Administrative Officer; Liz Roaldsen, EVP, responsible for leading the Beacon digital transformation initiative; Lynn Blake, Chief
Investment Officer
of Global Equity Beta Solutions; (on monitor from Dublin) Susan Dargan, Management and future development, offshore business and
Alternative Investment Services; (on monitor from London) Maria Cantillon, EVP and Global Head
of Alternative Asset
Managers Solutions; Martine Bond, EVP for Trading and Clearing; Kim Newell, EVP and head
of Global Markets Europe, Middle East and Africa, State Street; Brenda Lyons, Head
of the Specialized Products Group; Kathy Horgan, Chief Human Resources and Citizenship Officer; and Lori Heinel, Deputy Global Chief
Investment Officer.
Highland Funds is the retail arm
of Highland Capital Management, L.P. a multibillion - dollar global
alternative investment manager founded in 1993 by Jim Dondero and Mark Okada.
The conference, jointly hosted by
alternative investment firm Altegris and Millennium Wave
Investments, was economist - heavy in its speaker lineup, with Gundlach one
of the few fund
managers to offer insight (PIMCO's Mohamed El - Erian being another).
According to their website, the Firm is one
of the most respected and experienced
alternative investment managers serving the registered product market.
«Absent material equity valuation improvements for Ares and KKR, we expect further conversions
of Fitch - rated
alternative investment managers to be decreasingly likely, given that the remaining
managers generally have more incentive income which would not benefit from the lower tax rate,» said Meghan Neenan, head
of North American Non-Bank Financial Institutions at Fitch.
Integration
of alternative investments into a traditional portfolio may reduce downside risk while resulting in access to talented
investment managers.
Under - fire listed fund
manager Blue Sky
Alternative Investments has admitted that it has fallen short
of the market's expectations around transparency and disclosure, triggering an independent review
of the business.
His primary responsibilities include developing and implementing asset allocation for all
of the University's
investment programs, evaluating current and prospective investment managers, exploring alternative investment strategies, and ensuring successful communication and relations with the University and its Investment Advisory
investment programs, evaluating current and prospective
investment managers, exploring alternative investment strategies, and ensuring successful communication and relations with the University and its Investment Advisory
investment managers, exploring
alternative investment strategies, and ensuring successful communication and relations with the University and its Investment Advisory
investment strategies, and ensuring successful communication and relations with the University and its
Investment Advisory
Investment Advisory Committee.
Comprised
of manager research,
alternative investments, and strategy teams, Wells Fargo
Investment Institute provides industry - leading investment research and strategy to better help clients achieve their financ
Investment Institute provides industry - leading
investment research and strategy to better help clients achieve their financ
investment research and strategy to better help clients achieve their financial goals.
He commenced his funds management career in 2001 with Man
Investments Australia, Sydney, a subsidiary
of leading
alternative investment manager Man Group plc listed on the London Stock Exchange.
Global
Manager Research, Global Portfolio Management and Global
Alternative Investments («GAI») are divisions
of Wells Fargo
Investment Institute, Inc. -LRB-» WFII»).
Mr. Aguilar also served as the head
of quantitative research for Lehman Brothers»
alternative investment management business, and as a director of quantitative research and portfolio manager with both Merrill Lynch Investment Management and Bank
investment management business, and as a director
of quantitative research and portfolio
manager with both Merrill Lynch
Investment Management and Bank
Investment Management and Bankers Trust.
Blake counsels asset
managers and broker - dealers on all aspects
of the development and distribution
of alternative investment products, including registered
investment companies, business development companies, and other permanent or long - term capital structures, as well as hedge funds and private equity funds.
Before joining Alston & Bird, Blake was general counsel for a
manager and distributor
of alternative investment products, including an externally managed, public, non-traded business development company, and a senior lawyer for a
manager of hedge funds and separately managed accounts employing relative value and macro fixed income and equity strategies.
Accessing an
alternative investment, such as the expertise
of a hedge fund
manager, is not simple.
Summary
of the Robin Hood conference: Einhorn, Tepper, Druckenmiller etc [ValueWalk] Profile
of Renaissance Technologies» secretive Medallion Fund [Bloomberg] Reflections on the Trump Presidency, after the election [Ray Dalio] How T. Boone Pickens sits tight in the riskiest
of businesses [NYTimes] The next generation
of hedge fund stars: data - crunching computers [NYTimes] Treasury officials are warning hedge funds could create the next big crisis [Vox] Bill Ackman's 2016 fortune: down, but far from out [NYTimes] Omega's Einhorn sees Trump's policies boosting stocks [Reuters] Tourbillon's Jason Karp says Trump will make stock pickers great again [Reuters] John Paulson got Trump elected and now has favor to ask [Vanity Fair] Jim Chanos says Valeant was biggest loser ever for hedge funds [CNBC] Credit Suisse said raising $ 2 billion for hedge fund stakes [Bloomberg] Tyrian
Investments to close [Reuters] Hedge fund strategies no longer correlated with equity returns [Investing] Female fund
managers are a rarity across the globe [Morningstar] This is why
alternatives are worth it [ValueWalk]
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.
Alternative investment manager Moab Capital Partners has selected Maples Fund Services, a division
of MaplesFS, to provide a full suite
of hedge fund administration services.
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.
Cristina has been involved in the financial services industry for over 15 years and has leveraged expertise on a variety
of investment areas such as: portfolio management, wealth management,
manager selection and
alternative investments.
Mark Valek is a partner
investment manager of incrementum, he's a Chartered Alternative Investment Analyst (CAIA) and has studied business administration and finance at the Vienna University of
investment manager of incrementum, he's a Chartered
Alternative Investment Analyst (CAIA) and has studied business administration and finance at the Vienna University of
Investment Analyst (CAIA) and has studied business administration and finance at the Vienna University
of Economics.
Accordingly, as more hedge fund
managers look to launch
alternative mutual funds, it is important for them to understand the common structures under the
Investment Company Act
of 1940 (’40 Act).
Chad Leat has served as a Senior Advisor for Apollo Global Management, one
of the leading global
alternative investment managers.
Prior to joining OTPP he was Head
of Technology and Trading Infrastructure at Mapleridge Capital, a quantitative systematic
alternative investment manager where he designed, built and ran the systematic trading and research infrastructure.
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.
When considering
alternative investments, you should consider the fact that some products may utilize leverage and other speculative
investment practices that may increase the risk
of investment loss and be illiquid, are not required to provide periodic pricing or valuation information to investors, may involve complex tax structures and delays in distributing important tax information, are not subject to the same regulatory requirements as mutual funds, often charge high fees including incentive fees, and in many cases have underlying
investments that are not transparent and are known only to the
investment manager.
This includes utilizing a combination
of globally diversified ETFs; active long - only
managers focusing on delivering alpha; risk - managed and
alternative sectors including those who utilize pair trades, arbitrage, option overlays; and finally direct
investment, private equity and venture capital.
14 %
of respondents believe that insider trading practices in the
alternative investment industry have become less prevalent since the FBI arrested Raj Rajaratnam and scared the bejeezus out
of everyone, a noticeable drop from January 2016 when 25 %
of respondents felt this way; 37 %
of respondents think the news
of arrests and convictions there has had little impact on insider trading because those who engage in such practices think they are smarter than everyone else and will never get caught, compared with 39 %
of respondents in 2016; and 49 %
of respondents believe the influx
of money into funds in recent years and the explosion in the number
of hedge fund firms has put enough pressure on fund
managers that there will always be a few desperate enough to try anything, including insider trading, a significant increase from the 36 %
of respondents who felt this way in the Roundtable's previous survey on this topic.
With investors, fund
managers and prominent industry professionals coming together to promote education and best practices within the
alternative investment industry, you get the opportunity to interact with some
of the industry's most insightful leaders and experts — a group including Nobel prize winners, trendsetters,
alternative investment fund
managers,
investment analysts, and philanthropists, among others.
For many years,
managers of defined benefit pension plans have recognized that non-traditional or «
alternative»
investments...
As Vice President and
Manager of IASG's Northwest Branch, she helps institutions, family offices, and high - net - worth clients identify their
alternative investment goals and build diversified portfolios.
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.
Alta says
managers of university endowments, public pension systems, and corporate defined benefit plans have historically utilized lower - correlated
alternative investments to improve the risk - adjusted returns
of their portfolios.
%
of AUM,
alternative assets, asset
managers, Blackstone, FIG, Fortress
Investment Group, Gagfah, hedge funds, KKR, Logan Circle Partners, Newcastle
Investment Corp, private equity funds, Springleaf Holdings
%
of AUM,
alternative assets, asset
managers, dry powder, Ex-Cash Ratios, FIG, Fortress
Investment Group, high dividend yield, incentive fees, Logan Circle Partners, Price / Cash, RailAmerica, share buyback
activist investors,
Alternative Asset Opportunities, alternative assets, Argo Group, asset managers, catalyst, CLOs, correlation, distressed investing, Event Driven, hedge fund seeding, hedge funds, hedge funds of funds, Livermore Investments Group, mortgage hedge funds, portfolio allocation, proprietary trading, Raven Russia, Tetragon Financial Group, thematic investing,
Alternative Asset Opportunities,
alternative assets, Argo Group, asset managers, catalyst, CLOs, correlation, distressed investing, Event Driven, hedge fund seeding, hedge funds, hedge funds of funds, Livermore Investments Group, mortgage hedge funds, portfolio allocation, proprietary trading, Raven Russia, Tetragon Financial Group, thematic investing,
alternative assets, Argo Group, asset
managers, catalyst, CLOs, correlation, distressed investing, Event Driven, hedge fund seeding, hedge funds, hedge funds
of funds, Livermore
Investments Group, mortgage hedge funds, portfolio allocation, proprietary trading, Raven Russia, Tetragon Financial Group, thematic investing, volatility
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).
Edinburgh Partners AIFM Limited is the
Alternative Investment Fund Manager for both of the investme
Investment Fund
Manager for both
of the
investmentinvestment trusts.
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.
But I'm also conscious another
of my holdings here — Fortress
Investment Group (FIG: US), also a cash - rich & under - valued
alternative asset
manager — is actually TFG's largest shareholder (controlling a 14 - 15 % stake).
I have read a lot
of books by eminent value investors, bond investors, growth investors,
alternative asset
managers — you name it, I have read a lot
of investment books.
«We have done a lot
of analysis, and we are very confident that a wide blend
of alternatives will perform well in a rising interest rate environment,» said Ben Rotenberg, a portfolio
manager specializing in
alternative investments for Principal Funds.
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).
This seems v shortsighted: i) it's a 52 % discount to Argo's $ 22.5 mio (GBP 20.9 p per share)
of cash /
investments, and ii) true
alternative fund
managers regularly command (ex-cash) valuations
of 7.5 % +
of AUM.