Saturday, 28 March 2015
Last updated 1 day 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.
Mar 9 2015 | 6:35am ET
As more investors look to diversify, many are beginning to use retirement funds to invest in alternative assets such as private equity and real estate. Kelly Rodriques, CEO & President of PENSCO Trust Company, explains how companies can connect with those looking to use their retirement accounts in a different way. Read more…
Mar 20 2015 | 12:45pm ET
StreetWise Partners, a non-profit organization that works with low-income individuals to help them overcome employment barriers, raised over $275,000 at the 2015 Raising the Ante Charity Poker Tournament and Casino Event last Wednesday evening at Capitale. Here are some photos from the event. Read more…