Thursday, 25 December 2014
Last updated 22 hours ago
Oct 13 2011 | 12:11pm ET
A Mississippi fund of hedge funds is looking for some seed capital.
Big River Capital Corp. is offering would-be backers a piece of itself in exchange for seed money for its nearly four-year-old Risk Managers Fund, HFMWeek reports. "I am looking for a visionary strategic partner with the know-how to create a business around this battle-tested and proven concept in order to take it from infancy to critical mass," managing partner Bill Robertson said.
Robertson said Big River is willing to give up a piece of the management company or offer revenue-sharing—or both—to the right strategic partner. The firm hopes to boost its assets to the fund's $1 billion capacity.
The Risk Managers Fund focuses on long/short strategies, with a concentrated portfolio of what it hopes to be best-of-breed managers. The fund has a $250,000 minimum investment requirement and charges 0.5% for management and 15% for performance, with quarterly liquidity.
Dec 1 2014 | 10:21am ET
As 2014 winds down, Northern Trust Hedge Fund Services executives took some time to share their outlook on trends facing the industry in 2015. Read more…
Jeff Sprecher was simply looking for a platform to trade energies when launching ICE 14 years ago but it has grown to reach the pinnacle of both the listed futures and equities world.