Tue, May 24, 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. Other voices: What current trends tell us about the future of the hedge fund industry[more]

    By: Don Steinbrugge, Agecroft Partners The following comments are excerpted from Agecroft Partners’ Don Steinbrugge’s presentation delivered at the 69th CFA Institute Annual Conference held on May 9th, 2016 in Montreal. In Mr. Steinbrugge’s session titled "What Current Trends Tell Us about th

  2. Investing - Steve Cohen boosted Sotheby’s stake to $86 million last quarter, Larry Robbins' hedge fund sells off all CHS, UHS hospital stocks, Tiger Global cut stakes in Amazon, JD.com, Apple last quarter, Invest in real estate near biotech hubs, Prudential’s Hyat says, Valeant: A hedge fund hotel wrecking ball[more]

    Steve Cohen boosted Sotheby’s stake to $86 million last quarter Billionaire trader and art collector Steve Cohen is on a buying spree of Sotheby’s shares. Cohen’s Point72 Asset Management acquired 1.2 million Sotheby’s shares, bringing its total to 3.2 million valued at $86.1 million at

  3. Legal - Boaz Weinstein wins round in fight with Canada’s PSP[more]

    From FT.com: Boaz Weinstein, the hedge fund manager credited with spotting JPMorgan’s “London Whale” in 2012, has won a round in a legal battle with Canada’s Public Sector Pension Investment Board that had become a test case of responsibilities when clients withdraw money. PSP sued Mr Weinstein and

  4. Regulatory - The latest Fannie and Freddie reform bill offers a bonanza for hedge funds[more]

    From WSJ.com: The latest housing finance reform bill making the rounds on Capitol Hill offers a bonanza for hedge funds seeking to cash in on their investments in Fannie Mae Mae and Freddie Mac—but the cost to taxpayers would be steep. Congressman Mick Mulvaney, the South Carolina Republican, introd

  5. West Virginia objects to Alpha Natural sale to hedge fund[more]

    From AP/Heraldcourier.com: West Virginia's environmental authority has filed an objection to the proposed $500 million sale of Alpha Natural Resources' assets to a hedge fund, arguing that the deal could leave the state holding hundreds of millions in reclamation liabilities. The Register-Hera