Sat, Dec 3, 2016
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. M&A - AllianzGI to acquire Sound Harbor Partners, SS&C completes acquisition of Wells Fargo's Global Fund Services business[more]

    AllianzGI to acquire Sound Harbor Partners Allianz Global Investors (AllianzGI), an active investment manager, announced that Sound Harbor Partners, a US private credit manager led by Michael Zupon and Dean Criares, have agreed to join its fast-growing Private Debt Platform. Under the te

  2. Hunt for yield pushes more investors into riskier assets[more]

    From FT.com: Pension funds and insurance companies have increasingly embraced riskier assets in their hunt for higher returns over the past five years. Alternative assets such as property, infrastructure, private equity and hedge funds have been bought up by institutional investors in a world where

  3. People - Nectar Financial hires senior investment team, Texas A&M replaces retiring foundation investment chief, Ex-Cadwalader partner Woolery makes another sudden exit, How to become a Python coder at a top hedge fund, by the co-CTO of Man AHL[more]

    Nectar Financial hires senior investment team Nectar Financial AG, a Swiss financial technology company for wealth and asset management, has announced that it has hired two key senior leaders to spearhead its digital asset management efforts. The company also announced that it has entere

  4. Activist News - Cognizant has introductory discussion with activist investor Elliott; to review letter, Starboard Value makes huge investment in Hewlett Packard, Hedge fund calls for removal of First NBC Bank CEO[more]

    Cognizant has introductory discussion with activist investor Elliott; to review letter From Indiatimes.com: Cognizant said it had an introductory discussion with Elliott Management after receiving the activist hedge fund's letter asking for a board shakeup, a buyback, a dividend and chan

  5. Opalesque Exclusive: Ireland relaxes treatment of direct lending funds[more]

    Bailey McCann, Opalesque New York: The Irish Central Bank has relaxed its treatment of direct lending funds, according to a recently released