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

Royalties: The Alternative Assets of the Music Industry

Jul 8 2016 | 7:01pm ET

Recent market volatility has investors seeking greater insight into alternative...

Lifestyle

Vortic: Making Great American Watches Again

Jul 25 2016 | 6:29pm ET

If you are compelled by stories of entrepreneurial vision & drive, or simply...

Guest Contributor

MPI: Like Stellar Returns? Better Understand the Risks First

Jul 22 2016 | 8:44pm ET

When the press reports extraordinarily strong relative or risk-adjusted returns...