Monday, 30 November 2015
Last updated 1 hour ago
Jan 4 2011 | 1:57pm ET
There could be a lot of money available for nascent and start-up hedge funds this year, with available seed capital potentially hitting $5 billion.
Seeders have already raised about $3 billion, Justin Fredericks, head of Americas capital introductions at Bank of America Merrill Lynch, told Hedge Funds Review. "We believe there could be another $1 billion to $2 billion of seed capital raised in 2011," he added.
The Blackstone Group is likely to be among the biggest players, with plans to raise about $1.5 billion. Investcorp, NewAlpha, SkyBridge Capital Partners and Revere Capital Advisors are also expected to be very active.
"The seeding landscape has changed since the financial crisis," Fredericks said. "We have seen some people exit the seeding business, but there have also been a number of new entrants."
Oct 21 2015 | 10:41am ET
One of the most unique charity benefits in the hedge fund industry, A Leg To Stand On's (ALTSO's) Hedge Fund Rocktoberfest - NYC, raised nearly $500,000 last Thursday thanks to the generous support of major sponsors and nearly 1,400 attendees from the Tri-State finance, business and hedge fund communities. Read more…