Wednesday, 20 August 2014
Last updated 1 hour ago
Oct 8 2013 | 11:29am ET
Gottex Fund Management has set up a joint venture to seed Asian hedge funds.
The Swiss fund of hedge funds shop has joined forces with Hong Kong-based Headland Strategic. The new effort will begin seeding hedge funds next year.
Gottex and Headland, along with Value Partners co-founder V-Nee Yeh, will offer up to US$75 million to each hedge fund it backs, in an effort to have each debut with at least US$100 million. The commitment is large for Asia, where seed investments are typically around US$25 million.
The joint-venture will seed two or three new funds each year.
"The aim is for Headland Strategic to make fairly large day-one investments," Gottex co-founder Max Gottschalk told Reuters. "We want to help each fund launch with a minimum of US$100 million, a critical amount of capital for hedge funds to survive and grow in Asia."
Headland is lead by Blackstone Group veteran Michael Garrow and Goldman Sachs veteran Johannes Kaps.
Aug 4 2014 | 7:42am ET
By now, U.S. and international subscribers have received their home or office delivery of the special 500th issue of Futures magazine. You can too!—a very special offer follows. The issue is the largest in years—filled with the best trading strategies and stories from 43 years of being the primary publication for commodity, stock, options and forex traders. Read more…
The July/August 2014 issue is our largest in years—filled with the best trading strategies and stories from 43 years of being the primary publication for commodity, stock, options and forex traders.
The Alpha Pages Editor's Note