Emerging manager revival as alpha seekers turn to start-ups
Fri Jun 3, 2011
Investcorp white paper shows that managers of three years or less can generate average excess alpha of 130 basis points
As funds of funds are no longer likely to be paid for simply
accessing brands, and as capacity at the brands hits
saturation, the world is looking to the new generation of
managers as a source of alpha. Testament to this is
APG's backing of IMQbator to seed the stars of tomorrow as
well as Investcorp's own efforts to seed managers, most
recently signing a deal with Prosiris Capital Management, a New
York-based hedge fund manager led by former Goldman Sachs
managing director Reza Ali.
Prosiris will become the latest investment advisor on
Investcorp's single manager platform, which has a total of $1.6
billion in client and proprietary assets under management.
Investcorp will provide Prosiris with an initial investment and
will also provide marketing and operational risk management
support and oversight. Investcorp generally provides an initial
investment ranging from $50 million to $100 million in funds
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