RMF Launches New Fund of Hedge Funds

Nov 16 2007 | 1:41pm ET

RMF Investment Management has launched RMF Global Emerging Managers, a hedge fund seeding vehicle, which is being billed as a change from the traditional approach to seeding emerging hedge funds.

The fund incorporates a revenue-sharing scheme whereby underlying managers will share with investors a fixed proportion of their gross revenues. The fund has made its first two investments and plans to increase its portfolio to between eight and 10 investments over the first 12 to 18 months.

“RMF offers an innovative financing technique for new hedge funds to stimulate their growth,” says Hans Hurschler, head of hedge fund ventures. “It is a true alignment of interest. RMF is profiting from the growth of the start-ups and the owners have a higher incentive to build their business on performance.”

RMF was founded in 1992 and now manages more than $25 billion in total assets.


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