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By Beverly Chandler, Opalesque London:

Hedge fund industry veterans Paul Smith, Clayton Heijman and Nick Paris - with over 70 years worth of industry experience between them - announced last week the launch of Privium, a one-stop shop solution for emerging hedge funds.

In an interview with Opalesque, Heijman explains that the three are expecting a wave of new hedge fund managers to come through in the coming months. Heijman established his Darwin platform in 2008, offering what is effectively an in-source support of the Chief Operating Officer for alternatives and, fittingly, this has evolved into the Privium model which offers a much broader service to potential new hedge funds and fund of funds.

The initiative comes partly as a result of a perceived return to the market of new hedge funds. "We are beginning to see start ups coming through" Heijman says. "In 2010 there was a sea change at the financial institutions with new regulations meaning that banks were effectively blocked from paying bonuses or allocating their balance sheets to proprietary trading activities."

The team behind Privium believes that once the current round of bonus payments has finished, probably by the end of April, there will be a number of disenchanted traders and bankers who want to take their lives back into their own hands and are ready to set up on their own.

Clearly, the entrepreneurial route into fund management is not for the faint hearted. "Their biggest delay i......................

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