RMF Ramps Up New Fund Of Hedge Funds Portfolio

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.


In Depth

Creating An Offshore Hedge Fund Dream Team: The Seven Key Players

Jun 26 2015 | 6:47am ET

If you want to set up an offshore hedge fund, like any great team, you’re only...

Lifestyle

Hedgies Set to Compete in Wall Street Decathlon

Jun 8 2015 | 12:37am ET

The Wall Street Decathlon — a 10-event physical challenge that will crown “Wall...

Guest Contributor

6 Essential Principles To Balance Your Investment Risk

Jun 26 2015 | 10:07am ET

In this article, financial expert Greg Silberman explores how to hedge a private...

 

Editor's Note