Tuesday, 2 September 2014
Last updated 6 min ago
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."
Aug 25 2014 | 11:21am ET
As many of you know, FINalternatives was recently acquired by the owners of Futures magazine, a firm called The Alpha Pages LLC. Today marks the soft-launch of a new sister site for both publications. As its name suggests, The Alpha Pages will cover all types of alternative investments, going far beyond the more well-known ones such as hedge funds and private equity. Read more…
Commodities/Futures magazine launched at the precipice of a revolution in the futures industry—really a revolution in the idea of risk management—that would move it from a small niche industry to ...