Monday, 20 October 2014
Last updated 6 hours ago
Jan 25 2008 | 9:04am ET
Hedge fund shop RMF Investment Management is looking for four to six managers to add to its newly-launched fund of hedge fund vehicle.
The Global Emerging Managers fund launched in November with an unspecified amount of capital and has already invested in four managers, two distressed funds and two relative value funds, according to Hans Hurschler, head of RMF Hedge Funds Ventures. “Now, we’re also looking at long/short equity trading,” he said.
The multi-strategy fund has a mezzanine-like deal structure. It plans to increase its portfolio to between eight and 10 investments over the first 12 to 18 months.
“We’re not really seeders and incubators, but regard ourselves much more today as growth catalysts,” said Hurschler. “Our investments, coupled with that of the managers and day-one investors, should bring a manager close to the critical size of $100 million.”
Lars Meisinger, who works in the $28 billion firm’s business development group, added that because the firm is looking for high quality start-ups, it does not provide any marketing or operational services to the underlying managers.
“Rather, we allow them to disclose our name as a cornerstone investor in their asset gathering,” he said.
Sep 22 2014 | 4:15pm ET
"I tell people that everybody likes good news and so if you have good performance that’s wonderful,” explains Mike McKitish of Peddie School's endowment, “but it’s the people that want to talk about the bad news or where they drifted and how they came back and how they stayed to their discipline…” that he wants to hear from. Read more…
Sep 30 2014 | 9:29am ET
The crisp Autumnal days of October are upon us, and so are a few of the hedge fund industry’s favorite charitable events. If you have never been to Rocktoberfest, well, you are missing out. And for a quieter evening of sipping and socializing, stop by HFC’s Wine Soiree. Read more…
Most traders agree that proper risk management is the key to successful trading. However, many traders depend on the deeply flawed measure of standard deviation as a benchmark of risk. Here we put it ...