Wednesday, 29 July 2015
Last updated 6 hours ago
Jul 22 2013 | 1:39pm ET
Scout Global Funds, an Australian family office, has seeded new hedge funds and plans to launch a fund of its own.
Founded in Sydney from a family office in 2006 to invest in global emerging systematic trading managers via managed accounts, Scout co-seeded Romanesco Capital with the Netherlands' IMQ earlier this year. Now it has invested in Europe-based Aquantum, U.S.-based Modus Quantitative Solutions and Centurion Investment Management, and plans to invest in U.S.-based Flyberry Capital, reports Opalesque.
"Scout is taking the opportunity to invest in some extraordinary talent with little competition from other investors willing to take early-stage risk,” said Oliver Alliker, director of the firm. “It is easier perhaps, to invest in a manager with a 10-year track record; however, with the right tools, systems and processes, we think the risk associated with early-stage investment can be mitigated and the advantage turned back in favor of the end investor.”
Scout also has plans to launch a Bahamas-domiciled fund in Q4, a “co-op-style” fund which Alliker said would allow outside investors “to invest alongside Scout at a minimal cost, not to generate fees but to achieve economies of scale and enhanced buying power.”
May 27 2015 | 2:15pm ET
Support Hedge Funds Care, also known as Help For Children (HFC), by participating in this year's raffle. All proceeds go to support HFC's mission of preventing and treating child abuse. Read more…