Even in a period when equity markets are their strongest for over two years, the appetite for opening new hedge fund operations continues unabated, claim the organisers of the HedgeSupport evening seminar on ‘Starting a Hedge Fund’ in London on 30 March.
The seminar featured speakers from the major law firm, Simmons & Simmons, the prime brokerage side of Bear Stearns, the London tax-practise of Pricewaterhouse Coopers and from HedgeSupport. The HedgeSupport presentations, given by managing director Steve McGuinness, explained the comparative structures of a hedge fund and a managed account and, separately, the requirements for UK FSA authorization.
Over 30 prospective hedge fund managers attended drawn from the dealing desks of investment banks, the traditional investment industry and related financial sectors.
“We were delighted by the level of response to our first event,” says Steve McGuinness. “The level of interest was higher, perhaps, than we had expected and we are already planning further events for April and May.”