FletcherBennett, Invus In Fund Of Hedge Funds Joint Venture

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.


In Depth

Q&A: Reg A+ Will Transform the Alternative Asset Landscape

Jul 7 2015 | 4:03pm ET

In addition to easing capital formation for small companies, Regulation A+ has enormous...

Lifestyle

Fiat Chrysler Files Paperwork For Ferrari IPO

Jul 23 2015 | 5:05pm ET

Italian sportscar maker Ferrari has taken a step closer to a stock market listing...

Guest Contributor

Lifting of Foreign Ownership Limits Signals Sea Change in Vietnam's Capital Markets

Jul 28 2015 | 3:01pm ET

The lifting of restrictions on foreign ownership limits in Vietnam later this year...

 

Editor's Note