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 to...
ISSN: 2151-1845 / CDC10004H
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