Sunday, 26 April 2015
Last updated 2 days 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.
Mar 20 2015 | 12:45pm ET
StreetWise Partners, a non-profit organization that works with low-income individuals to help them overcome employment barriers, raised over $275,000 at the 2015 Raising the Ante Charity Poker Tournament and Casino Event last Wednesday evening at Capitale. Here are some photos from the event. Read more…