Seeding/early-stage

Industry Discovery: Maturity is a Pain

Jun 26th, 2014 | Filed under: Hedge Fund Industry Trends, Hedge Fund Strategies, Institutional Investing, Seeding/early-stage, Today's Post

One takeaway, from the point of view of the managers, is that a close engagement with institutional investors requires a lot of time and effort, and those commodities have to be budgeted. How to handle the circumstances of industry maturity is an individualized call.


M&A World: Stacks of Corporate Cash Looking for Deals

Feb 4th, 2014 | Filed under: Alpha Strategies, Seeding/early-stage, Today's Post

Corporations have cash in the till; and it is sitting up, begging to be put to work. Thus, M&A deals are on the way.


ACG: Intense Competition for Seed Money

Jul 12th, 2012 | Filed under: Hedge Fund Industry Trends, Hedge Fund Strategies, Seeding/early-stage, Today's Post

Acceleration Capital Group says that there were 1,113 new hedge funds in 2011 (and 775 funds liquidated). The increase in the number of supplicants has coincided with a 'decline in [the] traditional seed capital currently deployed by fewer dedicated seeders.'


Operational Incubation The New Standard for Investors and Managers

Mar 18th, 2012 | Filed under: Hedge Fund Industry Trends, Seeding/early-stage, Today's Post

It's the new asset manager's chicken/egg syndrome. You need a track record to get AUM, but you need AUM to get a track record. What's a new manager to do?


What Do Day-One/Early-Stage Investors Want?

Mar 12th, 2012 | Filed under: Alpha Strategies, Hedge Fund Industry Trends, Hedge Fund Strategies, Institutional Investing, Seeding/early-stage, Today's Post

Funds of funds dominate the world of institutional investors in Day 1 or early stage (D1/ES) hedge funds, and they do so for a simple reason. That is their business model. They exist to invest in hedge funds, and their goal is to be fully invested at all times, not to have a lot of money sitting around as cash.