Tuesday, 4 August 2015
Last updated 4 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.
May 27 2015 | 2:15pm ET
Support Hedge Funds Care, also known as Help For Children (HFC), by participating in this year's raffle. All proceeds go to support HFC's mission of preventing and treating child abuse. Read more…