Sat, Jan 21, 2017
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
New Managers December 2013

Seeders' Corner: Latest news from the fund seeding industry

French investment groups create European leader in incubation of active funds, NewAlpha AM

Benedicte Gravrand, Opalesque Geneva

Antoine Rolland, NewAlpha

Opalesque wrote in April that there may be a merger between two large French seeding platforms: NewAlpha, which has been seeding alternative fund managers for seven years, and NExT AM, a business specialized in seeding emerging long-only managers.

This possible merger was being discussed by OFI AM, an investment group with €54.5bn ($73.6bn) in AuM, of which NewAlpha is a fully-owned subsidiary, and La Française, an investment group with €37bn ($50bn) in AuM, of which NExT AM is a fully-owned subsidiary.

La Française and OFI AM confirmed their partnership last month. Their partnership creates a new European leader in the fund incubation business. According to a joint annoucement, it gathers:

  • 49 realised investments,
  • €1.3m of committed seed money
  • 26 active partnerships,
  • €6.2m of assets managed by 260 associates at partner managers

La Française and NExT AM own 40% and OFI AM and NewAlpha Advisers own 25% of a newly created entity called NewAlpha Asset Management. A further new entity called NewAlpha Partners, which owns 35% NewAlpha AM, will become the manager of the NExT Invest funds.

All main projects will be launched from NewAlpha AM, which team will be responsible for sourcing, analysis and investments.

...NewAlpha AM's directors will be Ant......................

To view our full article please login

This article was published in Opalesque's New Managers a top-down monthly analysis, news and research publication on the global emerging manager space.
New Managers
New Managers
New Managers

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 - This hedge fund made 37% betting on banks in 2016 and remains bullish after the Trump rally, Hedge fund legend David Einhorn is making a big bet on GM, After impressive 85% return in 2016, hedge fund looks to Canadian gold producer, small banks[more]

    This hedge fund made 37% betting on banks in 2016 and remains bullish after the Trump rally From Forbes.com: Can bank stocks continue to rise after a 28% surge in the KBW Bank Index in 2016, fueled by a post-election rally as stock pickers returned to the beaten down sector? Forget the s

  2. SWFs - China sovereign wealth fund CIC plans more U.S. investments[more]

    From Reuters.com: China Investment Corporation (CIC), the country's sovereign wealth fund, is looking to raise alternative investments in the United States due to low returns in public markets, its chairman said on Monday. CIC will boost its investments in private equity and hedge funds as wel

  3. Some hedge funds strong start in 2017 nice contrast to 2016[more]

    With the 2016 HSBC Hedge Weekly performance rankings in the books - a year in which the same leader-board entries pretty much dominated unchallenged throughout the year - comes a new leader board that is a hard-scrabble mix of hedge fund styles and categories. What is clear after but a few short wee

  4. Macro hedge funds and CTAs outperform in December on strong dollar[more]

    Komfie Manalo, Opalesque Asia: The last month of 2016 saw risk assets climbing higher, as part of expectations that the new U.S. administration will remove barriers to growth and investment, Lyxor Asset Management said. December also saw the Fed hik

  5. Opalesque Exclusive: Roxbury credit events UCITS gathers more assets[more]

    Benedicte Gravrand, Opalesque Geneva for New Managers: The Roxbury Credit Events Fund, launched in September 2015, was up 4.24% in 2016, having returned seven positive months during the year. The managers raised