Wed, Feb 10, 2016
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Industry Updates

NewAlpha launches NewAlpha Genesis 4, its fourth hedge fund seeding vehicle for institutional investors

Friday, June 18, 2010
Opalesque Industry Update – NewAlpha Genesis 4 is a contractual fund currently being established with a view to invest in French and foreign hedge funds ran by early-stage fund managers.

NewAlpha AM aims to raise €200 million from European institutional investors, family offices, private banks and sovereign funds. The closing date is scheduled for end-October 2010**.

NewAlpha Genesis 4 plans to take full advantage of favourable supply and demand conditions on behalf of institutional investors. Increasingly stringent regulations and consolidation in the asset management industry are encouraging many talented fund managers to branch out on their own. At the same time, institutional investors are reluctant to invest in these young, less-established managers, which results in highly advantageous terms for seeders, who have thus proved to be a vital link in the asset management value chain.

As a pioneer in hedge fund seeding, NewAlpha AM has invested a total of €380 million in 14 mostly foreign fund managers since its inception in 2003.

Antoine Rolland, NewAlpha’s CEO and CIO, believes: “The crisis in 2008 prompted investors to pool their positions with the most established managers, generating major concentration risks and depriving them from the innovative potential offered by smaller, young fund managers. These early-stage managers deliver higher returns, mainly due to their relatively pure investment style and their adaptability to increasingly turbulent market conditions.”

NewAlpha’s investor relations managers, Philippe Paquet and Clarisse Anger, commented: “NewAlpha Genesis 4 offers institutional investors an attractive diversification vehicle by providing them with transparent access to the most promising hedge fund managers and enabling them to participate to their growth. Aligning the interests of seeded fund managers and institutional investors is a strategy that is very much appreciated in today’s market.”


* Fund in the process of being established
** Shares in the NewAlpha Genesis 4 fund are intended exclusively for investors referred to in Article 413-35 of the General Regulations of the AMF (French Financial Markets Authority)


For nearly 40 years, OFI Group has served the needs of institutional and private investors by developing a range of multi-expert asset management solutions based on strong convictions. With more than €22 billion of assets under management at end-April 2010, OFI Group has focused its expertise on three key areas: direct management, multi-management and specialist management. OFI Group is owned by two major institutional groups and employs 250 people, including 110 professionals devoted to investment management.

NewAlpha is a subsidiary established in 2003 to support the development of early-stage and emerging fund managers. NewAlpha AM offers institutional investors secure access to newly-established fund managers through a range of innovative products that offer a good strategic fit with traditional multi-manager funds. Since its inception, NewAlpha has invested a total of €380 million in 14 fund managers on behalf of French and Swiss institutional investors. www.newalpha.net


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. How Einhorn survived a nightmare year[more]

    From Bloomberg.com: Even when a hedge fund has an awful year, which was the case for David Einhorn's Greenlight Capital, there are lessons to be learned. Many funds would have had a tough time surviving a year like Einhorn experienced in 2015, when all the stars seemed to align against him and Green

  2. Legal - Hedge fund founder wins early release in U.S. insider trading case, Gramercy seeking $1.3 billion from Peru over land-bond dispute[more]

    Hedge fund founder wins early release in U.S. insider trading case From Reuters/Streetinsider.com: Former hedge fund manager Doug Whitman on Tuesday won a reprieve from serving the remainder of his two-year sentence for insider trading after several judges expressed skepticism that his 2

  3. Investing - David Einhorn finds a winner in Michael Kors[more]

    From Thestreetinsider.com: Greenlight Capital hedge fund manger David Einhorn took his lumps in 2015. The fund lost over 20 percent on the year amid bets gone bad being long a plunging SunEdison and short a couple high-flying FANG stocks. However, today Einhorn is again showing his stock picking pro

  4. Investing - Avenue Capital's Marc Lasry: We like European bank loans, Comment: A bunch of hedge fund managers are chasing the 'dream of crushing a major structural problem'[more]

    Avenue Capital's Marc Lasry: We like European bank loans From CNBC.com: European banks are under immense pressure, but at least one prominent hedge fund has found what it thinks is a good opportunity in the wreckage. Marc Lasry, co-founder and chief executive of hedge fund Avenue Capital

  5. Credit Suisse cherry picks hedge fund ideas[more]

    From FT.com: Credit Suisse Asset Management plans to cherry pick profitable concepts from hedge funds with the launch in Europe of a “best ideas” strategy. The investment arm of the Swiss bank said the strategy will separate it from other funds blighted by “overcrowding problems”. It comes at a time