Friday, 24 March 2017
Last updated 4 hours ago
Jun 19 2012 | 1:36pm ET
New York-based hedge fund seeder Stride Capital Group is looking to give a helping hand to two additional hedge funds this year.
The firm, founded by Managing Partner Don Rogers, generally makes three investments per year and has already made one in 2012. Rogers told Bloomberg News the successful candidates for the remaining two allocations will be fundamental asset managers trading various assets globally, have up to $500 million AUM and a strategy that gives them a distinct and sustainable advantage.
Stride’s seed investments vary in size, but Rogers described $50 million as “a good spot for us.”
Prior to founding Stride in 2010, Rogers was a partner and founding team member of SkyBridge Capital, which successfully seeded eight start-up and emerging hedge funds in three countries during his tenure. Rogers has also been investing in emerging alternative managers since 1994 as co-founder and co-general partner of Rogers Investment Partners.