Fri, May 27, 2016
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Alternative Market Briefing

French seeding platform EMERGENCE to launch new sub-fund dedicated to innovative equity strategies

Friday, July 12, 2013

Benedicte Gravrand, Opalesque Geneva for New Managers:

Finance Innovation, a Paris-based business and research cluster dedicated to financial services, announced the launch of the first French Emerging Asset Manager Platform, called EMERGENCE, two years ago. EMERGENCE eventually raised €150m ($196m) from nine large institutional investors.

The first tranche of the seeding platform, "Emergence - Absolute Performance," was launched in early 2012 as a SICAV and its first seed was made in April 2012. This sub-fund focuses on absolute return managers and is managed by NewAlpha Management, a Paris-based hedge fund incubation firm. It has received 130 applications so far and has seeded four French-based asset management firms, with a fifth candidature under review.

According to a release yesterday, EMERGENCE now intends to launch a second sub fund called "Emergence Long Equity".

"This sub fund will seed funds offering innovative strategies and specific skills in the field of equities," the announcement says. "This objective is consistent with the ongoing rebalance between bank financing and alternative financing (as a consequence of Basel III). It could also contribute to various initiatives currently unde......................

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. Paul Tudor’s hedge fund trims fee amidst poor performance, keep investors[more]

    Komfie Manalo, Opalesque Asia: Paul Tudor’s $11.6bn hedge fund firm Tudor Investment Corp. announced on Monday it would slash down fees of one of its biggest fund to 2.25% of assets and 25% of profits amidst backlash arising from poor performa

  2. Ares Capital to buy American Capital in $3.4 billion deal[more]

    From PIOnline.com: Ares Management's business development company Ares Capital Corp. is buying troubled BDC American Capital for $3.43 billion, said a joint news release by the BDCs and another release by Ares Management. Ares Capital Corp.'s assets are expected to grow to about $13.2 billion when t

  3. Performance - Hedge fund ETFs take a battering, Have long-short credit funds delivered?[more]

    Hedge fund ETFs take a battering From ETFStrategy.co.uk: It was a blow for the hedge fund world when Hillary Clinton’s son-in-law Marc Mezvinsky announced he would be closing his Greek-focused fund after it plummeted in value by 90%, just two years after it launched. For passive investor

  4. Launches - Man Group and American Beacon launch new emerging debt fund, Nikko AM launches new Japan equity UCITS fund[more]

    Man Group and American Beacon launch new emerging debt fund American Beacon Advisors, an experienced provider of investment advisory services to institutional and retail markets, launched the American Beacon GLG Total Return Fund today. The Fund became effective May 20. The America

  5. Emerging markets hedge funds perform strongly, but capital base erodes[more]

    Komfie Manalo, Opalesque Asia: Latin American Emerging Markets and Russian hedge funds lead industry gains in the first months of 2016, posting strong performances through April as global and EM equity, commodity and currency markets surged in recent weeks following steep losses to begin the year