Sunday, 29 November 2015
Last updated 1 day ago
Jul 25 2011 | 7:54am ET
Luxembourg-based Next Generation Absolute Return, a specialized UCITS investment management business, has launched the Next Generation UCITS Boutique Select Venture.
The venture targets specialized boutique investment management firms with a proven non-UCITS alternatives fund management track record and gives them “a complete UCITS solution,” including a mandate to manage a UCITS fund, early stage capital— provided by the Next Generation ACATIS UCITS Boutique Select Fund, managed by German-based ACATIS Investment—and marketing.
Next Generation will source managers via a number of channels including the portfolio of managers seeded by leading hedge fund investors. Managers will be vetted and screened by a Next Generation committee headed by Arnold Sternberg, former head of seeding and hedge fund investments for aeris CAPITAL.
Portfolio construction and final manager selection will be the responsibility of a Next Generation investment team headed by ACATIS Investment CEO, Hendrik Leber.
“The idea for the venture originated from the recent and successful launch of the Next Generation Secquaero ILS Fund, where Secquaero Advisors was selected as the funds advisor based on their proven and successful non-UCITS ILS fund management track record,” said Leber in a statement.
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…