Swedish Bank Closes Second Seeding Fund

Oct 27 2011 | 6:41am ET

Sweden's SEB has raised US$300 million for its second hedge fund seeding fund.

The firm closed the Manager Catalyst Fund II at the beginning of the month. The new fund, like its year-and-a-half-old predecessor, will invest in six emerging managers, HFMWeek reports.

"It's simple: We're looking for individuals, not strategies," SEB's seeding chief, Eric Hoh, said. While SEB plans to look across locations and strategies, it will seek to build a portfolio of managers that complement one another, with its first seed coming within three months.

SEB's first seed fund took just eight months to invest its US$250 million in six emerging managers.

MCF II was backed by several Nordic pension funds and other institutions, Hoh said.

"There's an appetite for seeding vehicles at the moment," he told HFMWeek. "It suits long-term investors very well."


In Depth

Q&A: Quad Advisors’ Borish Is Looking For Real Traders, Not Index Huggers

Aug 20 2014 | 1:43pm ET

Peter Borish, who served as founding partner and director of research at Tudor Investment...

Lifestyle

Viking Manager In Rent Dispute

Aug 11 2014 | 4:14am ET

A hedge fund manager is demanding most of his money back from his former landlord...

Guest Contributor

Majority Of Inflows Go To Brand Name Hedge Funds

Aug 12 2014 | 9:00am ET

Since the market correction of 2008, a vast majority of hedge fund net asset flows...

 

Editor's Note

 

Futures Magazine

PREVIEW July/August 2014 Cover

Inside Futures' 500th Issue

The July/August 2014 issue is our largest in years—filled with the best trading strategies and stories from 43 years of being the primary publication for commodity, stock, options and forex traders.

The Alpha Pages

TAP July/August 2014 Cover

Real talk on alternative investments, business & finance

The Alpha Pages Editor's Note