Fri, Apr 25, 2014
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Industry Updates

French incubator NewAlpha invests in Zurich-based hedge fund manager HSCA

Wednesday, November 02, 2011
Opalesque Industry Update - NewAlpha Asset Management, the Paris-based global hedge fund incubation specialist, announced its 17th strategic investment with Heieck Siebrecht Capital Advisors (HSCA) AG, a Zürich-based hedge fund management firm focused on German equities.

As of 1st November 2011, HSCA had assets under management close to US$100 mn.

Founded in 2009 by Stefan Heieck and Frank Siebrecht, HSCA is the investment advisor of the Varus Fund, a long/short equity fund focussing on German mid- and large caps and their European competitors. Varus Fund has achieved a very strong two-year track record, being up 20.1% net YTD and 46.7% net since inception on 1st September 2009 with volatility of just 7.5%, low correlation to DAX30 (0.22) and to EuroStoxx 50 (0.19) with a Sharpe Ratio of 2.0.

Varus Fund invests in pair trades and catalyst driven long and shorts. Investments are based on quantitative and qualitative analysis and strong competence in German stocks. Thanks to strict risk/reward thinking, trading discipline and tight risk management, Varus Fund aims for absolute returns with low correlation and volatility.

Frank and Stefan have a combined 26 years’ experience in German and European equities and are supported by Aria Ameri, an analyst fresh from Massachusetts Institute of Technology.

A strong risk management, headed by Benjamin Schmitt is one of the cornerstones of Varus Fund’s success. Naemi Amrein operates the middle office, while Jelena Davidson is in charge of Investor Relations. Along with further asset growth, HSCA is planning to further expand the team.

NewAlpha Asset Management invested through its recently launched seeding investment vehicle, a closed-end fund dedicated to institutional investors seeking exposure to early stage managers. The investment marks a significant vote of confidence in HSCA’s ability to capture meaningful opportunities in the ever-changing global financial markets, and to take advantage of relative value and directional opportunities offered by the European and notably the German equity market.

(press release)


NewAlpha Asset Management was established in 2003 to provide access to emerging alternative investment managers to institutional investors through private equity style funds of funds. Since inception, NewAlpha Asset Management has entered into 16 strategic partnerships and invested a cumulative US$680 mn with early stage managers. NewAlpha Asset Management has recently achieved the closing of its 4th vintage seeding vehicle with US$160 mn that are being deployed with emerging managers in 2011/2012.

In November 2010, NewAlpha Asset Management received the Best Seeding Platform Award at the Hedge Fund Review European Funds of Hedge Funds Awards and is selected for the Best Specialist Fund of Hedge Funds over 3 years for the 2011 Funds of Hedge Funds Awards. NewAlpha Asset Management is a subsidiary of OFI Asset Management, a leading asset manager that enjoys a solid reputation as a firm noticed for its creativity and its resolute focus on absolute performance. OFI Asset Management has more than €49 billion under management. www.newalpha.net


Opalesque did a video interview of NewAlpha's CEO Antoine Rolland this summer: Source

See our latest article on HSCA:
19.07.2011 Opalesque Exclusive: Varus Fund defies 'disappointing’ June with +1.11% returns (+15.8% YTD) Source

bG

What do you think?

   Use "anonymous" as my name    |   Alert me via email on new comments   |   
Banner
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. Opalesque Exclusive: Rainwater and Blue Sky - an Australian water fund emerges[more]

    Bailey McCann, Opalesque New York: Financial reporters often tout new funds and investments as uncorrelated investments, but few can say they are uncorrelated to everything but weather. Enter Blue Sky Alternative's water fund which invests in the permanent rights to Australia's water. Sev

  2. Regulatory – Expect greater SEC scrutiny of hedge funds that share information or collaborate in advance of their trades, Alternative funds to get SEC test for leverage, liquidity[more]

    Expect greater SEC scrutiny of hedge funds that share information or collaborate in advance of their trades From Thelawyer.com: A recent Wall Street Journal article — ‘Activist investors often leak their plans to a favoured few’ — focused attention on ‘activist’ investors and stock analy

  3. …And Finally – This week's least competent criminal is Austrian[more]

    From ABCnews.go.com: A German sought by authorities for alleged fraud has been arrested in Austria — after dropping into a police station to ask officers whether he was under investigation. Police in Salzburg said the 59-year-old man walked into a police station in the city on Friday night. Sp

  4. Investing – Hedge funds find pitfalls along with profits in real estate ventures, Marcato Capital Management makes new bet on Dillard’s[more]

    Hedge funds find pitfalls along with profits in real estate ventures From Law360.com: Hedge funds have joined the rush to real estate deals and development in recent months to close the financing gap left by tightening bank standards, but attorneys say many aren't prepared for the disclo

  5. Agecroft Partners estimates 90% of hedge funds using social media[more]

    The use of social media has increased significantly within the hedge fund industry over the past couple of years. Social media is broadly used by investors as part of their due diligence process on hedge funds, by service providers in their sales efforts to hedge funds, and by hedge funds to enhance