Thu, Aug 25, 2016
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. Asia - LGT Capital Partners: Alternatives set for continued rise in Asia[more]

    From Asianinvestor.net: More flows are likely into insurance-linked strategies, private equity and trend-following strategies/CTAs, given the benefits of such investments, argues LGT Capital Partners. Despite the numerous quantitative easing programs and bailouts of recent years, the quest for

  2. LatAm hedge funds surge in 1H to +24.4%, emerging markets assets rise[more]

    Komfie Manalo, Opalesque Asia: Hedge funds investing in Latin America posted strong gains through mid-2016, reversing declines in four of the past five years, including the last three years, to lead all areas of hedge fund performance through the first half of 2016, according to the latest HFR Em

  3. Investors yank money from hedge funds after poor performance[more]

    From Marketwatch.com: A growing exodus from hedge funds extended to two of the biggest names in the industry Tuesday, Tudor Investment Corp. and Brevan Howard, as disenchanted investors increasingly shun what was once the hottest place to put money. The funds’ problem is clear: They just aren’t perf

  4. Banks look at hedge funds differently - and it should matter to allocators[more]

    From Valuewalk.com: Looking at two bank reports on the same topic can often yield interesting results. There are times when bank research is best viewed from the standpoint of how their analysis does or does not correlate with one another. Regarding hedge fund allocation decisions, one bank appears

  5. Legal - Hedge fund’s fixer kept deals flowing with bribes, U.S. says, Big four banks sued by U.S. hedge funds over BBSW, Lessons for hedge fund managers from the government's failed prosecution of alleged insider trading[more]

    Hedge fund’s fixer kept deals flowing with bribes, U.S. says From Bloomberg.com: With the Miami villa, stopovers at New York’s Plaza Hotel and millions channeled in bribes to win mining deals, Samuel Mebiame was the relationships guy in a corruption scheme that spanned continents, accord