Saturday, 27 December 2014
Last updated 2 days 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.”
Dec 1 2014 | 10:21am ET
As 2014 winds down, Northern Trust Hedge Fund Services executives took some time to share their outlook on trends facing the industry in 2015. Read more…
Jeff Sprecher was simply looking for a platform to trade energies when launching ICE 14 years ago but it has grown to reach the pinnacle of both the listed futures and equities world.