Thu, Sep 18, 2014
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Industry Updates

NEWALPHA Asset Management announces initial closing of fourth hedge fund seeding vehicle

Wednesday, March 23, 2011

Antoine Rolland
Opalesque Industry Update - NewAlpha 4 Genesis has completed its first closing of $150 million raised from French and Swiss institutional investors. NewAlpha Asset Management is considering a final closing in late July 2011 with an asset target of $250 million.

The fund aims to invest in hedge funds offered by early stage hedge fund managers and structure with those a strategic partnership through an income sharing scheme on one side and support in risk control and fund raising on the other side.

Antoine Rolland, CEO of NewAlpha Asset Management, "despite the cautious attitude of institutional investors towards alternatives, this first achievement confirms the interest of institutional investors for hedge fund seeding. It is also a strong sign of trust for NewAlpha's business model and team because all of our investors of the three previous vintages will be present in NewAlpha Genesis 4. I’m particularly convinced that the recent market developments are reshaping deeply our industry where talented and under-resear- ched investment talents are emerging globally. NewAlpha Asset Management is extremely well positioned to participate to this cycle and to offer its clients an access to this pool of talents through commingled or dedicated portfolios.”

According to Hedge Fund Research, the managers of less than two years show a superior performance to the entire universe. The average annual outperformance has been 6.3% over the period 1995-2009.

NewAlpha's portfolio research team, which handled more than 300 seeding proposals in 2010, has already identified, selected and entered into preliminary negotiations with several managers offering attractive featu- res, both in terms of future performance and in business development. NewAlpha Genesis 4 will start to deploy capital in Q2 2011.

Since 2004, NewAlpha Asset Management has developed a unique dialog with institutional investors around its products. For instance, investors are consulted before every investment and participate in the quarterly investment monitoring committees. This rare transparency in alternative investment and the additional return provided by the revenue sharing with the managers differentiate this business from other forms of multi- management. NewAlpha Genesis 4 has an annual performance target of between 8 and 12% for an investment horizon of 3 years minimum.

NewAlpha Genesis 4 is a product designed for both institutional clients and qualified investors.

About NEWALPHA AM / OFI Group
Established in 2003, NewAlpha AM offers institutional investors access to new innovative managers through a French-registered incubator fund.

NewAlpha AM is a subsidiary of the OFI Group, which is celebrating its 40th anniversary this year. The OFI Group manages 47.2 billion euros under management as of 31 December 2010. Since its creation, NewAlpha AM has signed 14 strategic partnerships ans has invested 380 million euros in investment managers located all around the world.

In november, NewAlpha AM has received the award "Best Seeding Platform 2010" at the Fund of Hedge Funds Awards organised by Hedge Fund Review in London. Corporate website: www.newalpha.net

- FG

What do you think?

   Use "anonymous" as my name    |   Alert me via email on new comments   |   
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. SEC charges 19 investment firms and one trader for breach of Rule 105[more]

    Benedicte Gravrand, Opalesque Geneva: The Securities and Exchange Commission (SEC) started a push to enhance the enforcement of Rule 105 of Regulation M last year to uncover hedge funds and private equity firms that have illegally participated in an offering of a stock after short selling it duri

  2. Fund managers, bullish on Europe, anticipate monetary policy separation of Fed and ECB[more]

    Komfie Manalo, Opalesque Asia: At least 202 fund managers with $556bn of assets under management said that while the European Central Bank (ECB) has eased its monetary policy that sent sentiments towards Europe to pick up, the Fed is expected to hike its rate in the spring of 2015. Investor

  3. Investors looking at other sources for hedge fund-like returns[more]

    Komfie Manalo, Opalesque Asia: Investors who are always on the lookout for higher gains are looking at alternative sources of income, particularly exchange-traded fund industry that generates hedge fund-like returns, according to

  4. News Briefs - Limited partners of investment managers may be subject to self-employment taxes, Just one week left until NYC's Rocktoberfest[more]

    Limited partners of investment managers may be subject to self-employment taxes On September 5, 2014, the Internal Revenue Service (“IRS”) issued Chief Counsel Advice 201436049, concluding that members of an investment manager were subject to self-employment taxes with respect to their e

  5. Opalesque Exclusive: Old Hill Partners launches specialty finance fund[more]

    Bailey McCann, Opalesque New York: Asset-backed lending is starting to heat up again after a prolonged credit squeeze. The Financial Times reports that a record £18.9bn was borrowed from asset-based lenders in the three months to the end of June. Much of this lending is driven by advanc