HedgeCo, Private Equity Firm Set Up Hedge Fund Incubator

Jan 31 2007 | 10:27am ET

Data provider HedgeCo and private equity firm Holding Capital Group are joining forces to seed and support emerging hedge fund managers.

Their new joint venture, HedgeCo Investments, will offer managers accepted into its incubation program a variety of services, including capital introduction, trading platforms, reporting technology, consulting, attorneys, service providers and marketers. Selected managers will also have access to HCI’s New York and West Palm Beach, Fla., office facilities.

“Motivated by the performance of the financial markets over the last several years, institutions and qualified investors worldwide continue to make unprecedented allocations to hedge funds,” Evan Rapoport, principal of the new venture, said. “This increase in demand has created an urgent need to identify early-stage hedge fund managers that can deliver consistent and scalable risk-adjusted returns.”

Prior to being accepted into HCI’s program, emerging managers will be subjected to rigorous due diligence, the firm said.

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