Saturday, 20 September 2014
Last updated 19 hours ago
Aug 12 2010 | 12:03pm ET
Hedge fund industry players FletcherBennett Group and Invus Financial Advisors are joining forces to launch a fund of hedge funds.
The joint venture, dubbed FB Lake, will be managed by Invus’ Leslie Lake. The new fund, which is set to debut in October, is an outgrowth of Lake’s family office strategy, which she has been running for 15 years.
FB Lake will focus on emerging long/short equity managers with either a geographical focus or a sector-based focus, HFMWeek reports. It will have 20 underlying managers, on average, and with an initial capacity of $500 million. Lake said that the capacity could be increased to $1 billion.
“In the post-2008 environment, we are seeing a tremendous number of new talented managers and at the same time, the industry is incredibly capital-constrained and we are uniquely qualified to provide that capital to these managers,” Lake told HFMWeek.
FletcherBennett is a hedge fund consultancy and Invus an alternative investments manager.
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…
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