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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......................

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