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Moody Aldrich Partners and Wilshire Associates team up to launch hedge fund seeding platform

Tuesday, August 24, 2010
Opalesque Industry Update - Moody Aldrich Partners (MAP), a privately held investment firm in Boston, announced today that it reached an agreement with Wilshire Funds Management, a business unit of Wilshire Associates (“Wilshire®”) to assist in the development of its open architecture hedge fund seeding platform called MAP Harvest Fund. Drawing on its thirty plus years of capital markets experience, Wilshire will assist with key aspects of the platform including investment manager and operational due diligence, risk management, separate account platform services and distribution support. The Wilshire collaboration marks another important milestone as MAP Harvest assembles a premier offering and prepares for a first closing late this year.

MAP Harvest Fund is a private equity fund that provides acceleration capital to promising, newly independent hedge fund investment teams. The Harvest team, with input from Wilshire, acts as an advisor to its seeded partners to assist in building out investment and key administrative functions that are critical to attract institutional assets. The Harvest platform also provides access to a global distribution network and marketing resources to drive direct asset growth in the seeded firms. The long-term goal is maturation and eventual independence of the seeded hedge funds – and the Harvest team shepherds that process. The group has an impressive pipeline of top seed candidates and plans to make its first allocations following its initial closing.

MAP and Wilshire believe that a confluence of current industry dynamics makes investment opportunities in emerging hedge fund managers especially attractive. The Harvest Fund intends to provide investors with exposure to multiple layers of economics including investment performance of skilled emerging managers, revenue sharing, equity-like interest in seeded managers and marketing fees, all within a highly robust, structured format with underlying liquidity. Investors also benefit from venture rights including daily transparency, capital recycling, and capacity and put rights. Wilshire’s separate account platform integrates administration, audit, reporting, and extensive risk management monitoring.

JJ Wilczewski, Managing Director, Wilshire Associates said, “We have spoken to many seed platforms about a potential relationship and MAP Harvest stood out because of their reputation as a first-class firm as well as our recognition of their principals’ experience and success building businesses. We look forward to helping the Harvest Fund deliver a robust, transparent and best in class offering to their clients.” Chris Kelley, Managing Partner of MAP Harvest Fund said, “Our investors will benefit from Wilshire’s knowledge of a broad range of client needs and preferences and the academic underpinnings and robust R&D that inform a deep understanding of capital markets, product development and risk management.”

About Moody Aldrich Partners
MAP is a privately owned investment firm that was founded in 1988 by William Moody and Amory Aldrich. Significant minority interests are held by Jeremy Grantham and Eyk Van Otterloo, founders of Grantham, Mayo, Van Otterloo & Co. (GMO). MAP has offices in Marblehead and Boston, Massachusetts and in Westport, Connecticut. The firm manages equity investment strategies for large investors through separate accounts.

About Wilshire Associates
A leading global independent investment consulting and services firm, providing consulting services, analytics solutions and customized investment products to plan sponsors, investment managers and financial intermediaries. Founded in 1972, the firm is a leader in the institutional market serving over 600 organizations in over 20 countries., with combined assets exceeding $5 trillion*. The firm has a pioneering tradition in research, quantitative analysis, and risk management. Its business units include, Wilshire Analytics, Wilshire Consulting, Wilshire Funds Management and Wilshire Private Markets. With ten offices on four continents, Wilshire Associates and its affiliates are dedicated to providing clients with the highest quality counsel, solutions and services... Corporate website:Source
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