Sat, Aug 13, 2022
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Industry Updates

Newalpha announces acceleration deal with Germany-based Prime Capital

Thursday, February 25, 2016
Opalesque Industry Update - NewAlpha Asset Management, the Paris-based global emerging manager acceleration specialist, has announced a seeding agreement with Prime Capital AG.

Founded in 2006, Prime Capital is an independent financial services provider and asset management firm focusing on institutional clients. The company specializes in Alternative Investments, in particular Absolute Return, Infrastructure and Private Debt. Prime Capital currently employs over 50 professionals, based in Frankfurt, London and Luxembourg and has around € 5.4bn in Assets under Management.

NewAlpha will invest a significant amount of capital in Prime Capital’s Gateway Target Beta UCITS Fund, via a dedicated fund, structured and managed on behalf of large European institutional investors that are committed to increasing their strategic allocation to innovative investment strategies. Post-investment, the fund will have close to €40 million in AuM, enabling it to reach an important threshold.

The investment objective of the Gateway Target Beta UCITS Fund is to provide consistent positive returns by pursuing an investment strategy, which seeks to provide returns similar to those of certain diversified hedge fund indices, which invest in or have exposure to global equity and credit markets.

Vincent Weber, who has more than a decade of experience in asset allocation and risk management models, advises the Gateway Target Beta Ucits Fund. Vincent joined Prime Capital in 2007 as portfolio manager and is now head of research.

Commenting on the strategic deal, Werner Goricki, CIO of Prime Capital said, “I am glad that our R&D efforts to apply our investment expertise in a highly liquid format succeeded in the development of the Target Beta strategy. The Gateway Target Beta UCITS Fund is an innovative addition to our existing offering of classical hedge fund strategies and we view having on board an experienced investor like NewAlpha as an independent seal of approval regarding the thoroughness of our investment process and operations. Furthermore, the seed capital will accelerate the growth and increase the attractiveness of the fund.”

Antoine Rolland, CEO of NewAlpha, added: “More and more investors are showing an appetite for UCITS funds that follow a quantitatively driven absolute return strategy. The Target Beta strategy offers many benefits, including diversification and the fund has performed well, even more so given recent market volatility. Prime Capital and NewAlpha share common values and both organizations have an entrepreneurial corporate culture. We are very enthusiastic about this new investment with Frankfurt-based Prime Capital.”

As Europe’s leading incubator, NewAlpha is continuously seeking talented investment managers that are in their early stage of development or are looking for strategic partnerships to accelerate their growth.

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: ESG exuberance is at all-time highs. But will investors buy?[more]

    As investors increase their focus on mission-based investing, they continue to grapple with ESG and what it means to them. By David Shalom, Director of Capital Introductions at Pershing Innovation. New investment solutions. That's how managers deliver value and attract new inve

  2. Alts managers sitting on over $2.5tn+ of dry powder[more]

    Laxman Pai, Opalesque Asia: In the current rising interest rate environment, investment activity in the private markets has continued to grow, revealed a study. "With alts managers sitting on over $2.5T+ of dry powder and continuing to enjoy premium valuations and interest rates on a prec

  3. Opalesque Exclusive: Hong Kong manager expects additional tailwind in Asian markets[more]

    B. G., Opalesque Geneva: The Asia equity markets have not been at their best so far this year, with the MSCI Asia index down almost 13% YTD, but many managers remain buoyant about the region, as in

  4. Opalesque Exclusive: Emerging markets persist despite headwinds[more]

    Bailey McCann, Opalesque New York: Emerging markets have been under significant pressure since the start of the year, but there are some nascent trends that suggest that things could be getting better. Emerging markets firm Gramercy Fund Management recently released its third quarter outlook and

  5. Opalesque Exclusive: Castle Hall's DiligenceExchange free Transparency Reports cover 100 managers with $10tn of assets[more]

    Matthias Knab, Opalesque for New Managers: Managers and investors can get free access to DiligenceExchange here: Castle Hall, the Du