Friday, 26 August 2016
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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.