Will Hedge Funds be the New Banks? New York Managers Expect Bright Future
Opalesque New York Roundtable offers intriguing insights into the future of hedge funds. Expert Hedge Fund Allocators See Tremendous Opportunities in Multiple Asset Classes.
New York, NY, July 03, 2008 --(PR.com)-- Opalesque, the world's largest subscription-based publisher covering the alternative investment industry, has launched the sixth issue of its acclaimed regional Roundtable scripts, the “Opalesque New York Roundtable” (download here:
http://www.opalesque.com/index.php?act=static&and=RoundtableNY)
Some hedge funds have already started to position themselves as a merchant bank with investment banking capabilities to originate structures. This allows the manager to change cash flows as he wants them, and to be a principal investor. Hedge funds have started to build their own channels of origination and enter direct lending.
These hedge funds will be able to build a strong financial services company-type balance sheet - a "real" corporate balance sheet to borrow and raise equity against. Are hedge funds crossing into the banking world? What does that mean for investors and the financial industry?
Readers of the Opalesque New York Roundtable will get first hand intelligence on:
What is the future of today's hedge funds?
What is 'permitted disintermediation'? Will hedge funds be the new banks?
What will happen in the distressed space? Where is the economy heading?
'We are seeing tremendous opportunities in multiple asset classes, some we have not seen in almost a decade' - where are these opportunities? Or is the current floor not a floor at all?
Why AIG is setting up a hedge fund seeding joint venture now?
The Opalesque New York Roundtable was sponsored by the Abernathy McGregor Group (www.abmac.com) and took place in their New York office.
Participating Managers:
1.Glenn August, President Oak Hill Advisers LP
2.Tom Priore, CEO of ICP
3.Justin B. Dew, Managing Director, Clinton Group
4.George A. Kellner, Kellner DiLeo & Co., Managing Director, Chief Executive Officer
5.Keith M. Moore, PhD, Kellner DiLeo & Co., Principal, Portfolio Manager, Merger Arbitrage and Opportunities Funds and Director of Risk Management and Quantitative Analysis
Participating Allocators:
1.Girish Reddy, Managing Partner of Prisma Capital Partners
2.Antonio Munoz, CEO EIM USA
3.Rob Discolo, Head of Hedge Fund Strategies Group at AIG
4.Kevin Heller, Head of Research, Focus Group
The Opalesque New York Roundtable Script can be downloaded here:
http://www.opalesque.com/index.php?act=static&and=RoundtableNY
All other previously published Opalesque Roundtable Scripts (New Zealand (March 17th), Australia (March 25th), Singapore Roundtable (April 24th), Hong Kong (May 1st), Japan (June 2nd)) can be downloaded here: http://www.opalesque.com/index.php?act=archiveRT
About Opalesque:
Opalesque leads the finance media space for its in-depth and innovative products. Since February 2003, Opalesque is publishing Alternative Market Briefing, the premium news service on hedge funds and alternatives. The launch of these Briefings was a revolution in the hedge fund media space ("Opalesque changed the world by bringing transparency where there was opacity and by delivering an accurate professional reporting service." - Nigel Blanchard, Culross) combining proprietary news with the “clipping service” approach of integrating third party news. Each week, Opalesque publications are read by more than 400,000 industry professionals in over 100 countries.
Opalesque is the only daily hedge fund publisher which is actually read by the elite managers themselves (http://www.opalesque.com/op_testimonials.html). For more information, please go to http://www.opalesque.com.
For more information, please go to http://www.opalesque.com
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http://www.opalesque.com/index.php?act=static&and=RoundtableNY)
Some hedge funds have already started to position themselves as a merchant bank with investment banking capabilities to originate structures. This allows the manager to change cash flows as he wants them, and to be a principal investor. Hedge funds have started to build their own channels of origination and enter direct lending.
These hedge funds will be able to build a strong financial services company-type balance sheet - a "real" corporate balance sheet to borrow and raise equity against. Are hedge funds crossing into the banking world? What does that mean for investors and the financial industry?
Readers of the Opalesque New York Roundtable will get first hand intelligence on:
What is the future of today's hedge funds?
What is 'permitted disintermediation'? Will hedge funds be the new banks?
What will happen in the distressed space? Where is the economy heading?
'We are seeing tremendous opportunities in multiple asset classes, some we have not seen in almost a decade' - where are these opportunities? Or is the current floor not a floor at all?
Why AIG is setting up a hedge fund seeding joint venture now?
The Opalesque New York Roundtable was sponsored by the Abernathy McGregor Group (www.abmac.com) and took place in their New York office.
Participating Managers:
1.Glenn August, President Oak Hill Advisers LP
2.Tom Priore, CEO of ICP
3.Justin B. Dew, Managing Director, Clinton Group
4.George A. Kellner, Kellner DiLeo & Co., Managing Director, Chief Executive Officer
5.Keith M. Moore, PhD, Kellner DiLeo & Co., Principal, Portfolio Manager, Merger Arbitrage and Opportunities Funds and Director of Risk Management and Quantitative Analysis
Participating Allocators:
1.Girish Reddy, Managing Partner of Prisma Capital Partners
2.Antonio Munoz, CEO EIM USA
3.Rob Discolo, Head of Hedge Fund Strategies Group at AIG
4.Kevin Heller, Head of Research, Focus Group
The Opalesque New York Roundtable Script can be downloaded here:
http://www.opalesque.com/index.php?act=static&and=RoundtableNY
All other previously published Opalesque Roundtable Scripts (New Zealand (March 17th), Australia (March 25th), Singapore Roundtable (April 24th), Hong Kong (May 1st), Japan (June 2nd)) can be downloaded here: http://www.opalesque.com/index.php?act=archiveRT
About Opalesque:
Opalesque leads the finance media space for its in-depth and innovative products. Since February 2003, Opalesque is publishing Alternative Market Briefing, the premium news service on hedge funds and alternatives. The launch of these Briefings was a revolution in the hedge fund media space ("Opalesque changed the world by bringing transparency where there was opacity and by delivering an accurate professional reporting service." - Nigel Blanchard, Culross) combining proprietary news with the “clipping service” approach of integrating third party news. Each week, Opalesque publications are read by more than 400,000 industry professionals in over 100 countries.
Opalesque is the only daily hedge fund publisher which is actually read by the elite managers themselves (http://www.opalesque.com/op_testimonials.html). For more information, please go to http://www.opalesque.com.
For more information, please go to http://www.opalesque.com
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Nisha Mittal
+91-80-41275853
www.opalesque.com
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