Gerken, BBVA Bancomer To Launch Lat. Am. Hedge Fund

Jul 17 2007 | 2:02pm ET

San Francisco-based Gerken Capital Associates is teaming up with BBVA Bancomer Gestion to launch the GCA Latam Fund, a multi-asset and multi-strategy offering, with $25 million in seed capital next month.

The fund will focus on investments in the Latin American markets, primarily Mexico, Brazil, Chile and Argentina. It will actively and dynamically manage assets across all asset classes utilizing a range of investment strategies. The new offering is managed by GCA with BBVA Bancomer, a subsidiary of Banco Bilboa Vizcaya Agentaria, acting as a local advisor.

Both parties have known each other for some time and spent close to two years negotiating the management relationship for the new offering, according to Lou Gerken, chairman and CEO. “We believe that our fund is positioned to be the 'institutional grade management team' of choice for Latam investors,” he said.

Gerken added that the firm plans to launch India, Greater Russia and Middle East and North Africa focused hedge funds in the near future

The fund charges 2% for management and 20% for performance, with a  $1 million minimum investment requirement.

Gerken Associates was founded in 1989 and is currently manager and/or advisor to seven alternative asset funds with approximately $1.5 billion of assets under management.

Madrid, Spain-based Banco Bilboa manages 106 Latam mutual funds with AUM of US $17.3 billion and advises seven international funds with US $220 million in AUM. BBVA SA also recently partnered with Schroder Group’s New finance Capital to form hedge fund of funds Altitude Teide, a multi-strat vehicle domiciled in Spain.


In Depth

High Time For A Cannabis Hedge Fund?

Sep 30 2014 | 7:07am ET

Launching a hedge fund is always a gamble, but Leslie Bocskor's decision to launch...

Lifestyle

Griffin Donates $1M To Rauner's Illinois Gov. Campaign

Sep 22 2014 | 9:29am ET

Hedge fund billionaire Kenneth Griffin definitely has a dog in this fight. The Citadel...

Guest Contributor

Appraisal Ratio Key To Evaluating Hedge Funds And Other New Investments

Sep 29 2014 | 3:07pm ET

As a former finance professor Peter Hecht experiences heartburn every time he hears...

 

Videos

Editor's Note

    Must Attend Hedge Fund Charity Events For October

    Sep 30 2014 | 9:29am ET

    The crisp Autumnal days of October are upon us, and so are a few of the hedge fund industry’s favorite charitable events. If you have never been to Rocktoberfest, well, you are missing out. And for a quieter evening of sipping and socializing, stop by HFC’s Wine Soiree. Read more…

 

Futures Magazine

September 2014 Cover

High frequency market making

High frequency trading is not evil, it is not a conspiracy and it really is not new; it is the natural evolution of the professional trading community making markets, providing liquidity and hopefully...

The Alpha Pages

TAP July/August 2014 Cover

The Alpha Pages Interview: Senator Rand Paul

Senator Paul sat down in the debut series of the Alpha Pages Interview to discuss the broken tax code, regulation surrounding Bitcoin, and his plans for the 2016 Presidential election.