Wednesday, 1 March 2017
Last updated 16 hours ago
Jun 23 2010 | 11:41am ET
Hedge fund seeder NewAlpha Asset Management is targeting European institutions with its latest fund.
The Paris-based firm hopes to raise €200 million from such investors for its fourth seeding fund, it said in a statement. The firm, which has US$480 million invested in 14 early-stage hedge fund managers, expects to complete fundraising by October.
The firm most recently invested in G Capital Management, a New Jersey hedge fund founded last year by former Goldman Sachs trader Peter Gerhard.
“These early-stage managers deliver higher returns, mainly due to their relatively pure investment style and their adaptability to increasingly turbulent market conditions,” Antoine Rolland, CEO of NewAlpha, said.