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Launches of liquid alts funds tripled from 2009 to 2013. [2]Major drivers for the growth in liquid alternative funds include: "The 2008 crisis has fundamentally changed investors’ priorities from a main emphasis on investment returns and alpha generation to an emphasis on diversification and downside protection (or principal preservation), especially in the case of a steep market downdraft" [3]
[8] [12] In the same year, AlphaSimplex and Credit Suisse launched the first 130–30 fund index. [14] The firm's most notable funds are its Managed Futures Strategy Fund launched in 2010 and its Global Alternatives Fund launched in 2008. [2] [3] [4] [9] [15] Its Managed Futures Strategy Fund uses a quantitative approach to trend following.
In March 2017, HFR – a hedge fund research data and service provider – reported that there were more hedge-fund closures in 2016 than during the 2009 recession. According to the report, several large public pension funds pulled their investments in hedge funds, because the funds' subpar performance as a group did not merit the high fees ...
Liquid alternatives became popular in the late 2000s, growing from $124 billion in assets under management 2010 to $310 billion in 2014. [26] However, in 2015 only $85 million was added, with 31 closed funds and a high-profile underperformance by the largest long-short equity fund at the time, Marketfield Fund.
Ares Credit Group manages liquid and illiquid credit in the non-investment grade credit sector, with approximately $60.0 billion in assets under management as of May 10, 2016. [15] Credit categories include corporate loans, high yield bonds, institutional credit, credit opportunities, special situations, asset-backed, and direct lending in the ...
The company's name 'SAC Capital' derived from Steven A Cohen's initials. [9] The company started trading with $25 million in 1992, grew its assets under management to $16 billion, and became the world's highest-returning hedge fund: SAC averaged annual returns of 30% net of fees under a 3% management fee and 50% performance fee from 1992 to 2013.
The QIAIF regime has contributed to making the International Financial Services Centre (IFSC) one of the largest fund domiciling and shadow banking locations in Europe. [33] Many asset managers, and particularly alternative investment managers, use Irish QIAIF wrappers in structuring funds.
CAIS was founded in 2009 by Matt Brown who previously worked in the wealth management industry. The company started out offering financial advisers access to hedge funds for minimum commitments as low as $100,000 each.