Saturday, 30 August 2014
Last updated 1 day ago
Apr 12 2010 | 8:03am ET
Boston-based Moody Aldrich Partners has launched a hedge fund seeding operation, hiring a Weston Capital Management co-founder to lead it.
Christopher Kelley is charged with launching a new seeding fund “with private equity characteristics.” Moody Aldrich hopes to raise between $150 million and $200 million to seed five or six firms over the next year-and-a-half.
“Through partnerships with talented alternative money managers, this seeding program will enhance our firm’s product offering and provide exposure to the growing alternative segment of the market,” Eli Kent, principal of Moody Aldrich, which manages $850 million in long-only strategies, said.
Kelley established and oversaw Weston’s hedge fund seeding business before leaving the firm two years ago. He previously headed private equity firm Value Asset Management and served as a general partner at p.e fund Olympus.
For his part, Kelley notes that “hedge fund inflows are increasing for the first time in two years. There are many top hedge fund teams that have left or are leaving larger companies to build their own firms in the currently robust equity markets.”
Aug 25 2014 | 11:21am ET
As many of you know, FINalternatives was recently acquired by the owners of Futures magazine, a firm called The Alpha Pages LLC. Today marks the soft-launch of a new sister site for both publications. As its name suggests, The Alpha Pages will cover all types of alternative investments, going far beyond the more well-known ones such as hedge funds and private equity. Read more…
Commodities/Futures magazine launched at the precipice of a revolution in the futures industry—really a revolution in the idea of risk management—that would move it from a small niche industry to ...