Agecroft To Add New Fund To Platform

Oct 9 2012 | 1:04pm ET

Third-party marketing firm Agecroft Partners plans to add a new hedge fund to the stable it currently represents.

The chosen fund will have at least $75 million in assets under management, risk-adjusted performance that ranks it near the top of its peer group and low correlation to relevant market indices.

Don Steinbrugge, a former founding principal of Andor Capital Management who founded Agecroft in 2007, says the firm is on track to raise $1 billion in 2012. The bulk of the assets Agecroft has raised over the past year have come from pension funds and endowments but Steinbrugge said they've also had success  raising assets from family offices and funds of funds in Europe and North America.

“One of the challenges in our business is that if you are successful in helping your hedge fund clients grow their assets to capacity, you constantly need to find new managers each year,” said Steinbrugge in a statement.

In Depth

Financial Industry Blockchain Consortium R3 To Open-Source Platform Code

Oct 20 2016 | 9:03pm ET

Bitcoin's blockchain technology has spawned a flurry of activity among fintech startups...


U.S. Trust's Beard: The Rapid Growth of the Art Lending Industry

Oct 7 2016 | 10:55pm ET

Alternative investment managers have emerged as some of the most significant art...

Guest Contributor

Hedge Fund Marketing – Tips for Your Initial Sales Meeting

Sep 29 2016 | 5:46pm ET

There are two main goals a hedge fund should have for an initial in-person sales...