Credit Suisse-Qatar Venture Seeds Pioneer Vet

Sep 26 2013 | 10:54am ET

Credit Suisse joint-venture Aventicum Holdings will back a new hedge fund launched by former Pioneer Alternative Investments chief investment officer Luca Mengoni.

Mengoni's fund will employ a European long/short equity strategy and is expected to debut by the end of the year, Financial News reports. The Geneva-based firm will have eight employees, including six Pioneer veterans who worked under Mengoni.

The new fund is the fifth to be seeded by Aventicum, set up last year by Credit Suisse and Qatar Holding. The vehicle allows Credit Suisse to continue to play a role in the hedge fund industry while complying with the U.S. Volcker rule, which strictly limits banks' alternative investment activities.

"One of the benefits of this partnership is that it allows us to seed and run businesses that we can no longer do in a bank-affiliated manager," Martin Keller, head of asset management for Europe, the Middle East and Africa at Credit Suisse, said. Keller also serves as Aventicum's chairman.

The size of Aventicum's seed to Mengoni's firm is unclear. After its launch, however, Aventicum plans to seek out emerging markets credit, opportunistic real-estate managers private-equity infrastructure managers for launch next year.

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...