Thursday, 30 October 2014
Last updated 2 hours ago
Mar 23 2011 | 12:31pm ET
Hedge fund seeder FRM Capital Advisors plans to back three or four new hedge funds this year, including its third Asia-focused seedling.
The London-based firm, which currently invests in six hedge funds, is eyeing both new firms set up by former proprietary traders as well as smaller funds.
"Expect us to do three to four investments this year, and there's a probability one of them will be in Asia," Patric de Gentile-Williams, chief operating officer, told Reuters. "We are looking to seed high-quality managers and we would be very happy if those happened to be based in Asia and we would be very happy if they came out of prop. desk" in the wake of new U.S. banking regulations.
FCA currently invests in just one Asia-based hedge fund, Hong Kong's Isometric Capital. Its other Asia-focused portfolio hedge fund, Sensato Capital Management, is based in San Francisco. "There could be quite a few high-powered launches in Asia this year, probably more than last year," de Gentile-Williams said.
He also said FCA wouldn't hesitate to seed a smaller hedge fund.
"We can be 90% of the fund. We are not bothered about that," he explained to Reuters. "What we are bothered about is that the markets they invest in and the strategy that they run could absorb at least $500 million to $1 billion."
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…
David and James Hamman launched their fundamental Livestock and Grains Program in March of 2010 but it really was decades in the making.