Tuesday, 30 September 2014
Last updated 4 hours ago
Feb 4 2011 | 2:12am ET
Hedge fund seeder Revere Capital Advisors is looking east. The New York-based firm, which last year opened an office in Singapore, plans to begin seeding Asian hedge funds in the near future, aiming to capitalize on the growth of both the region and its hedge fund industry.
"In Asia, the hedge fund scene is fairly immature relative to the U.S. and Europe; you have a lot of startups," Jameel Tawasin, manging director for Asia, told Bloomberg News. He added that he was "inundated" with requests for seed capital from Asian managers, presenting a large number of opportunities.
The begin to cash in on them, Revere has set up a database of Asian managers and plans to begin due diligence on them "when the time is right." The firm plans to start raising money to seed Asian funds "in the not-too-distant future," Tawasin said.
When it does, Revere plans to seek out "liquid, transparent" strategies, offering seed capital of up to US$20 million in return for an option to take as much as a 25% stake in a new hedge fund firm.
"Typically, we look for managers with excellent potential in terms of performance, a scalable business model, tight risk management, strong internal infrastructure and ideally a healthy track record," Tawasin explained.
Sep 22 2014 | 4:15pm ET
"I tell people that everybody likes good news and so if you have good performance that’s wonderful,” explains Mike McKitish of Peddie School's endowment, “but it’s the people that want to talk about the bad news or where they drifted and how they came back and how they stayed to their discipline…” that he wants to hear from. Read more…
Sep 30 2014 | 9:29am ET
The crisp Autumnal days of October are upon us, and so are a few of the hedge fund industry’s favorite charitable events. If you have never been to Rocktoberfest, well, you are missing out. And for a quieter evening of sipping and socializing, stop by HFC’s Wine Soiree. Read more…
High frequency trading is not evil, it is not a conspiracy and it really is not new; it is the natural evolution of the professional trading community making markets, providing liquidity and hopefully...