*Times are listed in BST. The agenda and order of the panel topics are subject to change.

 

13:00 Opening remarks

 

13:15 Panel one - Regulation - the FOMS factor

How to keep on top of regulatory requirements to avoid The Fear of Missing Something.

Smaller and newer managers, ordinarily, are not in the position to hire a dedicated regulatory or compliance individual to keep abreast of what they need to do, and that responsibility usually lies with an already overstretched COO.  This panel aims to offer guidance on how to keep on top of regulation and its implementation through use of external partners, tools and networks.  The panellists will discuss common concerns and how they can be overcome in practical, and cost effective, ways.

Conor McNaughton

Managing Partner and Chief Operating Officer, Kingsway Capital Partners Limited

Tammy Lake

Partner and Chief Operating Officer, Axebrook Capital LLP

 

14:00 AIMA & Cowen's 2022 Emerging Manager Survey

AIMA and Cowen produced an update to ongoing research of the global emerging manager (described as those running up to $500m AuM) market to better understand how they are managing their business today, compared to 2017 when a similar survey was conducted. This latest iteration, conducted in Q4 2021, demonstrates both continuing trends and interesting changes across the universe of next-generation managers. During this session, we will discuss the findings of this report.

AIMA and Cowen produced an update to ongoing research of the global emerging manager (described as those running up to $500m AuM) market to better understand how they are managing their business today, compared to 2017 when a similar survey was conducted. This latest iteration, conducted in Q4 2021, demonstrates both continuing trends and interesting changes across the universe of next-generation managers. During this session, we will discuss the findings of this report.

The survey underpinning this report draws on 149 respondents based globally. The key findings of the report include:

  • Breakeven AuM for emerging hedge fund managers
  • Fee structures charged by hedge funds
  • Number of employees at emerging hedge fund managers
  • Time taken to close on a new investment
  • Cost of running flagship funds

Drew Nicol

Associate Director, Research and Communications

 

14:20 Panel two - Starting an alternative asset management business

How to come to market in a way that’s best for you.

Today, there are many ways of starting an asset management business and this will depend on several factors including amount of start-up capital available, appetite for autonomy, how quickly a product needs to be launched and the intended culture that is to be created.  The panel will discuss the pros and cons of the current options and how the early-stage decision can impact their business in the long-term.

Mark Flanagan

Chief Operating Officer, Backbone Capital, and Chair of the AIMA Next Generation Manager Group

 

15:30 Welcome back remarks

 

15:35 Panel three - Technology

Digitalisation to streamline and cut costs.

Due to the pandemic, robust technology has become an increasingly key priority for asset managers as firms have had to adapt to a hybrid work model however, knowing how to save costs and develop lasting systems can be a challenge. This panel will discuss how emerging managers can reduce costs when implementing technology infrastructure and debate the key considerations when selecting technology that will add value to a firm.

 

Andrew Allright

Managing Director and Head of Alpha for Private Markets (EMEA), State Street

Nick Wilcox

Chief Operating Officer, Pantechnicon Advisors LLP

16:15 Panel four - Asset raising

Getting beyond the friends and family stage.

Next generation managers often look to friends and family money to get their businesses off the ground.  Attracting investors outside of that group, from family offices to institutional seeders, requires a dedicated asset raising strategy.  This panel will discuss the different ways of implementing that strategy, from getting in front of those investors to closing an allocation.

Mary Bynum

Head of Marketing, Broad Reach Investment Management

Chris Elliott

Head of Europe Prime Brokerage Business Development, Cowen International

Sarah Mitchell

Head of Business Development & Investor Relations, Sparta Capital Management

 

17:00 Closing remarks

Mark Flanagan

Chief Operating Officer, Backbone Capital, and Chair of the AIMA Next Generation Manager Group

 

Host