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

Creating An Offshore Hedge Fund Dream Team: The Seven Key Players

Jun 26 2015 | 6:47am ET

If you want to set up an offshore hedge fund, like any great team, you’re only...

Lifestyle

Hedgies Set to Compete in Wall Street Decathlon

Jun 8 2015 | 12:37am ET

The Wall Street Decathlon — a 10-event physical challenge that will crown “Wall...

Guest Contributor

6 Essential Principles To Balance Your Investment Risk

Jun 26 2015 | 10:07am ET

In this article, financial expert Greg Silberman explores how to hedge a private...

 

Editor's Note