Wed, Apr 25, 2018
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Industry Updates

Hedge fund seeder IMQubator says existing investment management model broken, seeks Eur100m for IMQ Fund

Monday, October 24, 2011

Jeroen Tielman, founder of IMQubator
Opalesque Industry Update - Jeroen Tielman, CEO and Founder of IMQubator (“IMQ”), says that the existing investment management model is broken, and is determined to take complaints from hedge fund investors in the wake of the crisis to heart, by demanding the structure and governance of the funds IMQ incubates to be better aligned with the long term interests of investors.

Tielman believes it is time for a new generation of hedge funds – as well as for hedge fund seeders - that can deliver transparency and a consistent investment strategy delivering absolute returns and not fall foul of industry ‘bad habits’.

Capitalised in January 2009 with €250mm from APG, the asset manager for Dutch pensions giant Stichting Pensioenfonds ABP, Amsterdam-based IMQ is leading the way for a new generation of investment managers.

Established by Jeroen Tielman, now a 25-year veteran of the global institutional industry, IMQ offers an institutional platform where professional investors can gain exposure to emerging managers through the IMQubator multi-manager fund.

IMQ has pioneered the process of ‘incubation’, which requires each and every one of the fund managers backed by IMQ to relocate to the firm’s Amsterdam base. They not only share a headquarters, but the same floor. Portfolio managers bump into one another in the corridor and converse over coffee. Advice, support, guidance and, not least, close monitoring, are all at hand. This is a greatly enhanced role in comparison with the standard seeding model performed by more run-of-the-mill competitors.

IMQ has backed its eighth fund (enclosed are more details), IStar Systematic, with €25m of incubation capital. The fund is run by Rudolph Shally and Thomas Artarit, who previously worked together at AIG Financial Products in Tokyo and London.

IMQ has also announced that it - with the endorsement of APG - will raise up to €100 million in fresh capital for the IMQ Fund. The new capital will be used mainly to provide acceleration capital to funds seeded by IMQ. The terms for IMQ investors are designed to be exceptionally attractive; with the purpose of creating an opportunity for them to become potential long-term partners in future offerings. As well as an equity co-investment, investors will be offered a seat on the investment committee, further aligning the interests of the end-investor.

Jeroen Tielman, comments: “IMQubator aims to deliver the emerging manager premium, while providing investors with more power to demand transparency and better alignment in a crisis situation. IMQ is the most cost efficient incubator, offering investors a diversified multi-strategy platform within single manager total fees.

We are in partnership with our clients, with our own savings invested alongside those of our clients. We are seeking to generate absolute returns whilst minimising risk, because this is what our clients want. There has not been enough transparency in the hedge fund management industry, on costs, on performance or investment processes. IMQ will offer full transparency to clients and full accountability.” Corporate website: Source

- 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. Investing - Sequoia takes Facebook stake as shares slide in data controversy, $1.4b hedge fund sees intact fundamentals for Facebook, Jim Cramer reveals some 'suggested hedge fund trades' amid the Trump tariffs[more]

    Sequoia takes Facebook stake as shares slide in data controversy From Bloomberg.com: The $4.2 billion Sequoia Fund bought a small position in Facebook Inc. as the stock slid late in the first quarter, investment manager Ruane, Cunniff & Goldfarb told clients. "The recent controversy enab

  2. Activist Investors - Blue Sky-owned Wild Breads faces uncertain future[more]

    From AFR.com: A Blue Sky private equity investment in artisan-style baker Wild Breads enjoyed multiple valuation upgrades despite losing millions and breaching its lending covenants, accounts lodged with the regulator last week show. Wild Breads lost $2.4 million in 2017, but Blue Sky ascribed a hig

  3. Opalesque Exclusive: Barnegat to close hedge fund to outside investors on weak opportunities[more]

    Komfie Manalo, Opalesque Asia: Bob Treue's Barnegat Fund Management said it is closing its $666m fixed income relative value hedge fund to outside investors. "The negative side to gains in Fixed Income Arbitrage is that unless we find new opportunit

  4. Investing - Hedge fund makes a big bet on malls, British hedge fund manager Odey short UK government bonds on QE bet[more]

    Hedge fund makes a big bet on malls From Barrons.com: The dominant narrative on American shopping malls is that they're dead. Crushed by Amazon.com, many brick-and-mortar retail stores are destined for bankruptcy. And where is the most retail, clustered all together? Malls. From a

  5. Performance - Hedge funds suffer first back-to-back loss in two years, Netflix performance burns hedge fund short sellers, Macro hedge fund up 14.5% in first quarter sees dollar falling, Renaissance Technologies rebounds across hedge funds in March[more]

    Hedge funds suffer first back-to-back loss in two years From Bloomberg.com: Hedge Fund returns sank for a second straight month in March, the first back-to-back loss since the first two months of 2016, as trade wars, tech-sector woes and a Fed rate hike dragged down the S&P 500 from its