Thu, Nov 27, 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   |   
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 - George Soros puts $500m of his money on Bill Gross, Soros, Paulson backed Hispania Activos mulls Realia takeover, Ex-Credit Suisse trader’s hedge fund sees yen shorts as crowded, Hedge hunters double default-swaps as views split, Large hedge fund positions come under pressure, Vikram Pandit's fund picks 50% stake in JM Financial's realty lending arm for $87m[more]

    George Soros puts $500m of his money on Bill Gross From WSJ.com: Before Bill Gross was fully settled in at his new firm, Janus Capital Group Inc., he received an unlikely visit from the chief investment officer of famed investor George Soros ’s firm, according to a person familiar with t

  2. Unlucky Paulson & Co. rebrands $1.6bn Recovery Fund after 13% drop[more]

    From Businessweek.com: A maturing U.S. economic recovery is prompting Paulson & Co. to change course. The $19 billion hedge fund firm, led by billionaire John Paulson, told investors on a conference call this month that the Paulson Recovery Fund will be renamed Paulson Special Situations Fund on Jan

  3. Europe - Hedge funds face exit tax as Iceland central bank discusses plan[more]

    From Bloomberg.com: Hedge funds and other creditors with claims against Iceland’s failed banks face an exit tax as the island looks for ways to unwind capital controls without hurting the economy. The government targets having a plan it can present by year-end that would map out how Iceland will sca

  4. Opalesque Exclusive: Risk management emerges as a competitive focus area for hedge funds[more]

    Bailey McCann, Opalesque New York: Risk management has always been a core component of any trading strategy, as well as a critical part of business management. However, as macreconomic weakness persists, and alpha becomes increasingly hard to generate, risk management as emerged as a more promin

  5. CTAs , event-driven strategies lead hedge funds recovery in mid-November[more]

    Komfie Manalo, Opalesque Asia: November’s performance proves to be in sharp contrast to the previous month, with equities further consolidating their upswing last week, according to the latest Lyxor Asset Management’s Weekly Brief. CTA funds als