Moody Aldrich, Wilshire Team Up To Launch Hedge Fund Seeding Platform

Aug 23 2010 | 2:13pm ET

Boston-based investment firm Moody Aldrich Partners has teamed up with Wilshire Funds Management to assist in the development of its open architecture hedge fund seeding platform.

The new vehicle—the MAP Harvest Fund—is a private equity fund that provides acceleration capital to promising, newly independent hedge fund investment teams. The Harvest team, with input from Wilshire, acts as an adviser to its seeded partners to assist in building out investment and key administrative functions. The Harvest platform also provides access to a global distribution network and marketing resources to drive direct asset growth in the seeded firms.  

“Our investors will benefit from Wilshire’s knowledge of a broad range of client needs and preferences and the academic underpinnings and robust R&D that inform a deep understanding of capital markets, product development and risk management,” said Chris Kelley, managing partner of the MAP Harvest Fund.

The Harvest Fund intends to provide investors with exposure to multiple layers of economics including investment performance of skilled emerging managers, revenue sharing, equity-like interest in seeded managers and marketing fees, all within a robust, structured format with underlying liquidity. Investors will have access to daily transparency, capital recycling, and capacity and put rights. Wilshire’s separate account platform integrates administration, audit, reporting, and extensive risk management monitoring. 

JJ Wilczewski, managing director, Wilshire Associates added, “We have spoken to many seed platforms about a potential relationship and MAP Harvest stood out because of their reputation as a first-class firm as well as our recognition of their principals’ experience and success building businesses.  We look forward to helping the Harvest Fund deliver a robust, transparent and best in class offering to their clients.”  


In Depth

GSAM's Papagiannis: Liquid Alternatives For The Long Run

Apr 21 2017 | 8:44pm ET

Interest in liquid alternatives cooled a bit last year amid a broad shift in investor...

Lifestyle

Aston Martin Returns To Debt Market As DB11 Drives Turnaround

Mar 31 2017 | 5:21pm ET

James Bond’s preferred carmaker is returning to the public debt markets for the...

Guest Contributor

Debunking Conventional Investment Wisdom (Part II)

Apr 17 2017 | 5:56pm ET

The alternative investment industry is currently replete with buzzwords around data...