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From Kirsten Bischoff, Opalesque New York:

Although it is anticipated that assets will soon return to the hedge fund industry, without extensive track records or proven infrastructures most emerging managers will not have the chance to participate in this asset re-growth. Instead, new launches hoping to see quick growth in assets under management through the early stages of existence will likely need to rely on seeder funds - an area that has not seen much activity since 2007. Opalesque has learned that one firm looking to capitalize on getting into the seeding area early is Rye, New York-based Atrevida Partners which recently launched the Atrevida Emerging Manager Fund.

The Fund will be managed by Duncan Hennes (Atrevida co-founder and former CEO of Soros Management) and Steve Sinacore (Atrevida co-founder and former Citadel Treasurer). Hennes points to the firm's history of targeting opportunity since launching in 2006. Initially managing a fund of hedge funds, the firm has since launched a fund to participate in TALF opportunities during 2009 (see previous Opalesque coverage here), and now with approximately $350m in firm assets, is now looking to participate in expected industry asset growth through the seeder fund.

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