New York Hedge Fund Looks For Accelerator

Aug 12 2011 | 10:00am ET

Hedge fund Naqvi-Van Ness Asset Management needs help achieving critical mass—and its founders are willing to part with a stake in the firm if that's what it takes.The New York-based firm is seeking acceleration capital, enough to get its two hedge funds above $100 million in assets. That will open the doors to institutional investors, co-founder Albert Van Ness told HFMWeek.

Naqvi-Van Ness will offer a part of the management company to investors who push it over the top.

The firm recently celebrated the sixth anniversary of the launch of its first portfolio, Metis Partners. Its second, a lower-risk, institutional-type fund, Criteria Investment Partners, launched in 2008. The funds have a capacity of $500 million each.


In Depth

Debunking Conventional Investment Wisdom

Feb 8 2017 | 3:22pm ET

Due diligence in the hedge fund world has long involved some combination of the...

Lifestyle

'Tis the Season: Wall Street Holiday Parties Back In Fashion

Dec 22 2016 | 9:23pm ET

Spending on Wall Street holiday parties has largely returned to pre-2008 levels...

Guest Contributor

The Future of Private Equity: New Opportunities, New Challenges

Feb 3 2017 | 6:41pm ET

The private equity industry’s astonishing rebound since the financial crisis has...

 

From the current issue of