NewAlpha: Emerging manager 'asset class' is gaining traction
NewAlpha Asset Management was established in 2003 to provide
institutional investors access to emerging alternative investment managers
through dedicated funds of funds. NewAlpha is a subsidiary of OFI Asset
Management, which manages around ‚ā¨48bn.
Since inception, Paris-based NewAlpha has concluded 17 strategic
partnerships and invested a combined total of over $720m with early
stage managers located throughout the world. The latest "generation" of
managers seeded by NewAlpha since 2008 currently manages more than
$2.4bn after receiving $250m in seed capital.
The award-winning firm has been pretty busy
over the past year. It invested in Blue Rice
Investment Management (BRIM)'s Asian
Credit Fund in May 2011. It made its 16th
strategic investment with PAMLI Capital
Management LLC, a New York-based hedge
fund management firm focused on global credit
investments in June 2011. That same month,
NewAlpha and Singapore-based alternative
investment manager Woori Absolute Partners
together said they would launch an Asia-based
investment vehicle which would seed emerging hedge fund managers
and be marketed to qualified investors in Asia and Europe. In November
2011, NewAlpha made its 17th strategic investment with Heieck Siebrecht
Capital Advisors (HSCA) AG, a Z√ľrich-based hedge fund management firm
focused on German equities.
In July 2011, Finance Innovation, a Paris-based research group dedicated
to financial services, said it would launch the first seed money fund, called
EMERGENCE, to focus on young asset management companies in France.......................
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This article was published in Opalesque's New Managers
a top-down monthly analysis, news and research publication on the global emerging manager space.