NewAlpha Seeds Varus Fund Manager

Nov 4 2011 | 9:55am ET

Hedge fund seeder NewAlpha Asset Management has helped Heieck Siebrecht Capital Advisors push its assets under management to near US$100 million.

Zürich, Switzerland-based Heieck is the 17th hedge fund backed by Paris-based NewAlpha. The firm, whose Varus Capital Management's Varus Fund has posted an impressive 20.1% return this year, focuses on German stocks. The fund is up 46.7% since its debut two years ago.

Heieck did not specify the size of NewAlpha's seed investment. The firm had about US$680 million invested in 16 managers prior to the Heieck seed.

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