40% of Revenues to Hedge Fund and Private Equity by 2020
Hedge funds, private equity funds and other alternative investments would grab up to 40% of asset management revenues by 2020, according to McKinsey & Co forecast.
A
survey by Cerulli Associates found that alternative mutual funds will
hit 14% of total industry assets by 2023; Northern Trust expects the
global economic expansion to continue at slow and steady pace over the
next five years and Jeffery Gundlach foresees the return of quantitative
easing in 2020.
Gerber
Taylor raised $19m for the launch of its latest fund of funds; ADM
Capital aims to raise about $1bn in fresh funds this year to launch a
distressed debt hedge fund; former Bridgewater analyst Howard Wang said
he would start a no-fee hedge fund; Whitebox said it plans to remain a
mid-sized hedge fund but wants to launch liquid alternatives; Rothschild
Larch Lane announced the launch of the Rothschild Larch Lane
Alternatives Fund; Ledbury announced the launch of its maiden equity and
special situations hedge fund; Mathew Welch said he would start a hedge
fund that invests in small and midcap firms in Asia’s developing
markets; and Insparo Asset has rolled out the Insparo Africa Fixed
Income Fund.
Source: Opalesque
