ISSUE 01 • January 2012
| Opalesque’s Emerging Manager Monitor
Welcome to the first issue of NewManagers, Opalesque’s monthlymonitor of emerging managers. Apparently, the number of hedge fundlaunches in 2011 (including maidenfunds) might be the highest, within acalendar year, since 2007 when nearly1,200 funds were launched. Andmany expect more new entrants inthe industry coming from larger fund houses and banks. However,with less trading opportunities in a crowded environment, moreinvolved regulators and investors no longer content with opacity,the environment requires a little more effort to navigate.Now is a great time to put the spotlight on the trials, tribulationsand opportunities that emerging managers are facing; as informa
tion is key for better navigation.Our first issue is jam-packed with useful data.First, the number crunchers: Florian Guldner gives you the De
cember results for Opalesque’s Emerging Managers (EManagers)indices.Peter Urbani then deconstructs the funds contained in the indiceswith relish, and shows how emerging managers add significantalpha, in “Statistics.”I then provide you with a series of topical articles. This month’s“Focus” piece looks at how emerging managers are dealing withcurrent high levels of scrutiny from regulators and investors (espe
cially in the U.S.) – who are reacting to the Madoff scandal and agreater awareness of the financial frauds going on. David Sung, ahedge fund manager, Alissa Douglas, an investor, Dennis Heskel,a platform provider, and Rich Goldman, a lawyer, give their viewpoints on the matter. Part 2 of the article relates the recent actionstaken by regulators, their warnings and the number of frauds thisside of the century.“Launches” recapitulates the maiden fund launches last monthwith comment; “The Analytical View” recounts recent analysts’findings on emerging managers; in “Profiles”, emerging hedgefund managers, who were interviewed by Opalesque, comment onthe late 2011 performance of their funds (which feature in Opal
esque’s EManagers database); and in “Perspectives”, hedge fundindustry players discuss the challenges and opportunities in storefor emerging managers and give appropriate advice.I hope New Managers will be of benefit to you.Do contact me if you have any related news.
Opalesque New Manager is edited by
Based in Geneva, Switzerland, Benedicte also writes exclusive stories, special reports, co-edits Opalesque’s daily hedge fund publication Alternative Market Briefing (AMB) and occasion
ally moderates Opalesque Roundtables. Benedicte is perfectly bilingual (French/English) and has lived in Paris, Geneva and London. She obtained a BA (Honours) in Philosophy from the University of London, worked in the publishing sector, the hedge fund industry and then joined Opalesque in 2007.