The activist firm, led by Paul Singer, last year raised $2 billion for buyout deals, according to The Wall Street Journal. ![]() Two Sigma has this advantage, as does another hedge fund firm currently pushing into private equity: Elliott Management Corp. For one, it helps to have a strong brand within the investment community, according to top asset management consultant Kevin Quirk, a principal in Deloitte’s Casey Quirk practice. Hedge funds, in turn, are looking to meet investor demand, with roughly a quarter of hedge fund managers surveyed by EY last year reporting that their firms offered a private-equity product.Īs Sightway’s promising start might indicate, Two Sigma meets several criteria that experts say are necessary for an asset management firm to break into private markets. Investors are laughably eager to commit to private-equity funds - and are willing to pay high fees for the privilege of doing so. Over the last several years, while many hedge funds have suffered redemptions, private equity has been veritably drowned in cash. Two Sigma is far from alone in wanting to expand its private-markets presence - and with good reason. When you overlay that with data science to help companies succeed, we like to think that differentiation is quite significant.” There are not very many firms that focus on this type of investing or focus on these verticals. ![]() “This is an area that is less competitive. ![]() “The market environment is competitive,” he says.
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