Industry Analysis

Emerging manager revival as alpha seekers turn to start-ups


Investcorp white paper shows that managers of three years or less can generate average excess alpha of 130 basis points

Deepak Gurnani
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