This month we examine the past month's alternative news and our guest writers look at ways to build better funds for today's environment.
October was a tricky month for hedge funds, with RV the only strategy in the green. There were some decent fundraisings in secondaries and, perhaps surprisingly, in venture capital. Millennium has been prepping for the future, adding capital, looking at future partnerships, and even looking to launch its first new fund in three decades. Quarterly numbers show strong performances and significant inflows amongst the big brand PE players. We also are entering a new era of super deals with KKR/ ECP and Mubadala/ Seviora. The endowment alternative allocations have been underperforming US equities, while Preqin is forecasting a $30tn global alts world by 2030. And in the world of activism, Elliott is turning to a new tool, podcasting... Plus more.
November features
AIMA's Tom Kehoe looks at the take-up and value of GenAI.
Marex's Lawrence Obertelli focuses on emerging managers and how they can best capture investor interest.
Centalis' Jon Hanifan examines scaling a fund and the required changes.
MUFG Investor Services' Daniel Trentacosta looks at the value of working with trusted partners to strengthen client services and technology.
Kayenta's Mark Toone writes on the evolution of treasury management from a support function to a core strategic element within a fund.
In Letter from America, our friend Prosek's Mark Kollar examines the change in attitudes - for the better - towards the world of private credit: "It’s probably a safe market bet that it won’t be a longer period of time to see the rhetoric around regulation and reporting for private credit to become even more accommodating..."
We wrap with our regulatory update from RQC, with the FCA winning the appeal against BlueCrest, the FCA fining the CEO of an FCA-authorised firm, the publication of Market Watch No 80, and key findings from the FCA's culture and non-financial misconduct survey. In the US, RQC looks at the SEC's Division of Examinations 2025 priorities and the enforcement roundup.