Sun, May 27, 2018
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Alternative Market Briefing

Hedge fund incubator NewAlpha chosen to manage French government backed seeding fund

Wednesday, July 20, 2011

amb
Jean Francois Bay
From Kirsten Bischoff, Opalesque New York:

Finance Innovation, a Paris-based business and research cluster dedicated to financial services and a widescope initiative of the Paris financial marketplace (banks, insurance companies, asset management firms, etc) has announced that it is launching the first seed money fund to focus on young asset management companies in France. The fund, which will be called EMERGENCE, is expected to have a first investment tranche of 150m to 250m Euros, and will take stakes into the most promising management teams in the country.

With nearly 400 asset management companies created between 2001 and 2010 (according to Finance Innovation), the fund hopes to accelerate the growth of these firms, and of asset management firms hoping to launch within France in the future. The seed fund aims to assist these managers in growing to asset sizes that make them investment targets for large allocators such as institutional investors, which are often restricted from investing in smaller funds due to capacity constraints.

EMERGENCE will be structured as a SICAV fund, and the first investment tranche focusing on absolute return managers has been assigned to NewAlpha Management. ......................

To view our full article Click here

Today's Exclusives Today's Other Voices More Exclusives
Previous Opalesque Exclusives                                  
More Other Voices
Previous Other Voices                                               
Access Alternative Market Briefing

 



  • Top Forwarded
  • Top Tracked
  • Top Searched
  1. Investing - Hedge funds hike Smurfit Kappa positions amid takeover deal hopes, Hedge fund IBV Capital digs deep to unlock long-term value in a competitive market, Eisman of 'The Big Short' fame recommends shorting Deutsche Bank[more]

    Hedge funds hike Smurfit Kappa positions amid takeover deal hopes From Irishtimes.com: Two US hedge funds, Davidson Kempner and York Capital, have accumulated a combined 4.74 per cent interest in cardboard box maker Smurfit Kappa using financial derivatives. It comes as many investors cl

  2. Foundations of hedge fund managers gave big to controversial donor-advised funds[more]

    In the world of philanthropy and tax-deductible charitable giving, the explosion of donor-advised funds has touched off intense debate. Now, there is evidence that the DAF boom is being further fuelled by hedge fund foundation money. Four of the top five foundations that gave the most to large do

  3. Third Point to raise $400 million for SPAC, Farley to run it[more]

    From Reuters.com: Daniel Loeb's hedge fund Third Point LLC plans to raise $400 million for a "blank check" company which will be run by outgoing stock market operator NYSE Group President Thomas Farley, according to a regulatory filing made on Tuesday. The new company, referred to on Wall Stre

  4. Study: For hedge funds, smaller is better[more]

    From Institutionalinvestor.com: The smaller the hedge fund is, the better its performance is likely to be, according to a new study. The study - "Size, Age, and the Performance Life Cycle of Hedge Funds," released April 26 - sought to determine whether a hedge fund's size and age had any effect on i

  5. Hedge fund returns rose in April for first gain since January[more]

    From Bloomberg.com: Bloomberg Hedge Fund Database shows returns flat this year - Currency strategies had the biggest monthly gain at 13% Hedge fund returns increased 0.78 percent in April, reversing two consecutive monthly declines. The swing of 134 basis points was driven by gains in all seven